CANBERRA, AAP – THE RESERVE BANK’S LATEST KEY ECONOMIC FORECASTS:
GDP (previous forecast in brackets)
Dec 2021 – 5.0 per cent (3.0 per cent)*
June 2022 – 5.0 per cent (4.0 per cent)
Dec 2022 – 4.25 per cent (5.5 per cent)
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June 2023 – 2.5 per cent (3.25 per cent)
Dec 2023 – 2.0 per cent (2.5 per cent)
June 2024 – 2.0 per cent (n/a)
Unemployment
June 2022 – 4.0 per cent (4.5 per cent)
Dec 2022 – 3.75 per cent (4.25 per cent)
June 2023 – 3.75 per cent (4.0 per cent)
Dec 2023 – 3.75 per cent (4.0 per cent)
June 2024 – 3.75 per cent (n/a)
Inflation
June 2022 – 3.75 per cent (2.75 per cent)
Dec 2022 – 3.25 per cent (2.25 per cent)
June 2023 – 2.75 per cent (2.25 per cent)
Dec 2023 – 2.75 per cent (2.5 per cent)
June 2024 – 2.75 per cent (n/a)
Underlying Inflation
Dec 2021 – 3.25 per cent (2.25 per cent)
June 2022 – 2.75 per cent (2.25 per cent)
Dec 2022 – 2.75 per cent (2.25 per cent)
June 2023 – 2.75 per cent (2.25 per cent)
Dec 2023 – 2.75 per cent (2.5 per cent)
June 2024 – 2.75 per cent (n/a)
*Due to be released on March 2
(Source: RBA quarterly statement on monetary policy)
