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Australia Westpac Leading Index Signals Substantial Slowdown In Growth

Por: RTTNews Business November 16, 2022

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Australia's leading index dropped further in October suggesting that growth will slow substantially next year, Westpac said on Wednesday. The six-month annualized growth rate in the Westpac-Melbourne Institute Leading Index, which indicates the likely pace of economic activity relative to trend three to nine months into the future, fell to -1.19 percent in October from -1.09 percent in September.Westpac forecast the Australian to grow at a... + full article



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