The Australian economy is largely insulated from the unfolding global trade war between China and the US, according to Deloitte Access Economics’ Chris Richardson. Australia’s GDP figures for the June quarter will be released on Wednesday, with economists predicting a slowdown in growth.
Mr Richardson told Sky News consumers are still wary to spend due to a recent decrease in house prices. However, he said there is still significant demand for Australian exports, demonstrating the economy has been spared from most of the global instability sparked by the trade war and Brexit talks.
D_AccessEcon labor has done everything to block Australia in the senate to destroy the economy
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