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A key source of uncertainty for the Australian economic outlook is the competing forces affecting household spending. Household incomes have been supported by strong labour
A key source of uncertainty for the Australian economic outlook is the competing forces affecting household spending. Household incomes have been supported by strong labour demand and higher population growth. But consumption growth has slowed recently as high inflation and rising interest rates have weighed on households' disposable incomes in real terms and household wealth has fallen alongside housing prices over the past year. Another important source of uncertainty for the Australian economy is the outlook for global growth. Global growth is forecast to remain well below its historical average over the next two years, as high inflation and tighter monetary policy settings are expected to continue to weigh on demand. Most notably, there is uncertainty around the pace of disinflation and so the future path of monetary policy and economic growth abroad." Given the above case study, your manager has asked you to prepare a presentation using the key Macroeconomic Variables and their relevant factors (T1
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