Economic Review October 2015


Developments in China will continue to remain the key driver for the Australian

economy. On that score, signs of a stabilisation in property prices and rumours

of more stimulatory policies supported Chinese asset prices and commodity

prices more generally in recent weeks. The delay to Fed tightening also helped

improve sentiment.


The slowdown in China and emerging economies more generally, has been the

source of global growth downgrades and recent market volatility. Indeed, global

GDP growth is set to slow to 3.1% this year, the lowest rate of expansion since the