Economic outlook
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Quarterly economic review – 31 March 2021
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Economic outlook
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The countries that participate in the OECD include the USA, Australia, France, Germany and the UK amongst other developed economies. There are economic indicators for these countries that are designed to show us things such as the likely path of economic growth. The Organisation for Economic Co-operation and Development (OECD) Composite Leading Indicator is one such measure. Pleasingly, this indicator has returned to the high levels seen before the COVID-19 pandemic.
Read MoreEconomic outlook
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Overall, we are likely to see a slowdown in growth for both the Australian and global economies over the next year. The recent Federal election will have a major influence on the economy as will government spending in the future.
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