Australia – 3Q 2018 GDP
05/12/2018 04:47 pm MYT
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In 3Q 2018, Australia’s GDP, in seasonally adjusted volume terms, rose by 0.3%, quarter-on-quarter, and 2.8%, year-on-year – see figure 1. On the expenditure side, the GDP growth was mainly driven by final consumption, which contributed 0.2 ppts to the growth. On the trade side, imports contributed 0.3 ppts to GDP growth – see table 1. Year-on-year, the terms of trade in 3Q 2018 improved by 2.7%. Meanwhile, the seasonally adjusted real net national disposable income increased by 2.9%.

Risks to global economic growth due to trade protectionism, especially from the US, have not eased. Furthermore, falling house prices may have a negative impact on household spending. i Capital forecasts Australia’s year-on-year GDP growth rate for 4Q 2018 to be in the range of 2.6 % - 3.5% and for the whole of 2018 to be in the range of 2.8% - 3.1%.

Note from Publisher
More than 1,000 people attended the 2018/2019 Global Investor Week last weekend. For those who participated in the entire programme, it was not only a fruitful and enjoyable weekend, but a memorable one too. For the past one week, we have been receiving thank you messages from participants. Some thanked us for organising such a wonderful event as they have gained tremendous insights and benefited immensely from the talks given by the various experts. Some expressed appreciation for the hard work we put in over the weekend. Others conveyed their gratitude for the wonderful time they had during the Appreciation Concert. We are greatly encouraged and touched by the gracious messages from the participants of the 2018/2019 Global Investor Week. They provided us with greater motivation to organize an even more productive Global Investor Week next year. We thank everyone for their continued support as we continue our Antarctica journey.

Meanwhile, the Chinese economy appears to have bottomed out, removing a major worry of the global economy. Given that China contributed to about 30% of the global economic growth, a strong Chinese economy is extremely important to global stability as it will pull up many economies, including Malaysia.
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