• Probably some slowdown in economic growth at the end of the year, before new impulse

  • The housing market strengthened, but the situation varies across the country

  • Housing prices could be in a recovery in some markets

  • Labour market indicators more ambiguous, however, point to employment growth in the short term

  • Inflation is fairly low and remains low for a long time

  • Conditions in China’s economy stabilized, medium-term risks remain

  • Probably some slowdown in GDP growth at the end of the year

  • The high Australian dollar may complicate the transition period

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