Consumer spending has dropped in Australia due to rising inflation. Australia’s GDP forecasts are expected to drop. Australia’s economy might suffer amid a struggling Chinese real estate market. Today’s AUD/USD forecast is bearish. According to updated forecasts that Treasurer Jim Chalmers will present in Tuesday’s budget, Australia’s economic growth is anticipated to decline significantly over … Continued
The post AUD/USD Forecast: Economy Set to Shrink Amid Rising Inflation appeared first on Forex Crunch.
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