Goldman Sachs on Australia: Expect a stronger and less volatile real economic growth

Tim Toohey, Economist at Goldman Sachs, came out with his latest report on the Australian growth and exchange rate outlooks.

Key Details:

He expects AUD at -

0.78 in 3 months

0.77 in 6 mths

0.75 in 12 months

While GDP at -

To average 2.8% in 2017

2.9% per cent for 2018

3.0% in 2019

3.3% for 2020

Toohey noted the following:

Australia has moved through an important transition point

Prospect of stronger and less volatile real economic growth

Clear upside risk to the A$ from current levels

Forecasts of a sharp fall in new dwelling investment in 2017-18

Expects RBA to start increasing interest rates in late 2017 or Q1 of 2018