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Australia Leading Index Signals Weak Growth

Por: RTTNews Business December 21, 2022

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Australia's leading index signaled a sustained period of below trend growth as the faces headwinds from the lagged monetary policy tightening, falling wages and weak property market among other things, Westpac said Wednesday.The six-month annualized growth rate in the Westpac-Melbourne Institute Leading Index fell to -0.92 percent in November from -0.84 percent in October. The index that signals the likely pace of economic activity relative... + full article



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