Source: ABS. 6. Outlook  Our expectation is that economic growth in Australia will continue for at least the next couple of years, the period for which the Bank typically prepares forecasts. Our latest forecasts, which were published earlier this month, show growth in the Australian economy continuing at a solid pace over this period.
This view is partly based on the expectation that the world economy will continue the expansion that began in 2009. World economic growth is estimated at about 4½ per cent for this year, which is above average – in other words, quite a healthy outcome.