AUD Shrugs off Melbourne Shutdown; Global Factors Dominate

<p>The shutdown in Melbourne has altered our growth profile for the Australian economy. We have slightly lowered our annual forecast for 2020 from a contraction of 4% to 4.2%. We retain our forecast for growth in 2021 of 3.0% recognising that this shutdown will represent a permanent loss of activity out to end 2021. We […]</p>
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