Analysts see Australia GDP growing 2.6% in 2016
The economy is seen weathering an unwelcome rise in the local dollar and uncertainty over China this year
Sydney
AUSTRALIA'S economy is seen weathering an unwelcome rise in the local dollar and uncertainty over China this year, while the worst fallout from a mining downturn may finally be over.
The latest Reuters poll of analysts expects Australia's A$1.6 trillion (S$1.65 trillion) of gross domestic product (GDP) to expand 2.6 per cent this year, unchanged from the previous poll. Growth was forecast at a solid 2.9 per cent for 2017. That would actually be a step down from last year when the economy surprised everyone by expanding at a 3 per cent pace, well above previous forecasts of 2.3 per cent.
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