This is a concern for Australia's growth outlook. We've been depending on better exports to take up some of the slack in the Australian economy as consumer spending cools. So far, that transition hasn't been very smooth.
More Quotes from Jarrod Kerr:
The Reserve Bank has no need to tighten or to ease rates.Jarrod Kerr
I think the bank (RBA) will welcome that with open arms and it will further confirm their idea to sit on the sidelines at this stage and ride out the blip in oil prices.
Jarrod Kerr
These reports provide further reasons for interest rates to remain on hold.
Jarrod Kerr
Consumer confidence has fallen five times in the last eight months and signals that the difficult times are not over for households.
Jarrod Kerr
There's no need for the central bank to raise interest rates again.
Jarrod Kerr
Growth in employment this year is likely to be substantially lower than over the past year. In that sort of environment, we forecast the central bank will leave interest rates unchanged for the rest of the year.
Jarrod Kerr
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