Australia's central bank projects that the economy will grow "below trend" in the coming year, but it is optimistic that China's slowdown could prove temporary.
Minutes from The Reserve Bank of Australia's May 6 meeting note that China, the nation's largest trading partner, remains on track for 7.5 per cent annual growth.
There were some signs that the recent slowing could be temporary, with real fixed asset investment growing at a similar pace to recent quarters and the authorities indicating a willingness to support investment growth, if needed, to achieve the target for output growth.
Australia's economy is slowing as the mining sector makes the transition from the investment to the production phase. The RBA has been attempting to dampen the impact by setting benchmark interest rates at a record low 2.5 per cent, a move it sees as working.
The minutes note that growth next year should pick up, with "both non-mining business investment and [liquefied natural gas] exports forecast to contribute to growth."
The RBA minutes also reiterated the central bank's previous announcements that interest rates will remain low "for some time".
澳大利亚央行(Reserve Bank of Australia)预测，未来一年，该国经济增长将“低于趋势水平”，但该央行乐观地认为，中国经济放缓可能会被证明是暂时的。
刚表态过的朋友 (1 人)