Australia Economic Outlook
Say G’Day to the Slowdown
Katrina Ell and Harry Murphy Cruise discussed current economic conditions, the economic outlook, and major risks faced by the Australian economy in light of high interest rates and a weak global economy, even as the economy of China rebounds this year.
Discussion Topics:
- The global economy continues navigating significant challenges as interest rates have increased abruptly leading to asset readjustments, financial market ructions and tougher conditions for households and businesses.
- The Australian economy will inevitably slow over 2023, as households feel the weight of high inflation and rising borrowing costs.
- Challenges and opportunities are abundant in Australia’s exports amid geopolitical ructions, slower global growth and rebounding service exports.
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SpeakersKatrina Ell Director-Economic Research Moody’s Analytics
Harry Murphy Cruise Economist Moody's Analytics
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Katrina Ell is a Director-Economic Research in the Sydney office of Moody’s Analytics. Katrina manages the Asia-Pacific edition of Economy.com and is responsible for the research, analysis and forecasting of economies throughout the Asia-Pacific region, with a particular focus on Australia and New Zealand. Katrina is regularly quoted by international media such as CNBC, Bloomberg, the Wall Street Journal, Financial Times and Sky News. She previously worked as an analyst at the Australian Prudential Regulation Authority. Katrina received her bachelor’s degree in economics (honours) from Macquarie University and is currently completing her Masters in Applied Economics at Macquarie University.
Harry Murphy Cruise is an economist at Moody’s Analytics, based in Sydney. Harry is responsible for covering the Chinese and Australian economies, as well as managing Moody’s Analytics’ subnational Asia Pacific forecasts. Harry is regularly quoted by international media such as CNBC and Bloomberg. He holds a master’s degree in international and development economics from the Australian National University and a Bachelor of Arts and Commerce from Monash University.