Conference & Seminar SA

SA | Economic Outlook Briefing

Friday 1 March 2019 - 12:00 pm to 2:00 pm (UTC+11)

@ Deloitte, Level 17, 11 Waymouth Street Adelaide SA 5000, 5000, Adelaide, Australia

Price: Patron Members: Free (first 4 tickets)
Corporate Members: Free (first 2 tickets)
SMEs/Start-Ups/Ind. Members: Free (1 ticket)
Members (additional ticket): $30
Non-Members: $60

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Economic Outlook Briefing with Paul Bloxham, HSBC Chief Economist - Friday 1 March

The French-Australian Chamber of Commerce and Industry is pleased to invite you to its 2019 Economic Outlook Briefing with Paul Bloxham, Chief Economist at HSBC Australia & New Zealand. This national event, sponsored by Patron member HSBC Australia, will be taking place across our 5 Chapters. In Adelaide, we look forward to welcoming you on Friday 1 March from 12pm to 2pm. The presentation will be preceded by a light buffet luncheon kindly offered by our host and Patron Member, Deloitte.

Navigating an uncertain world

Australia's economy has performed well and is now in its 28th year of continuous GDP growth. But how long can it last? For the past couple of years, the local economy has had the support of a strong global wave of growth, but as the US fiscal stimulus wears off and trade tensions continue to fester, world growth is set to slow. Helpfully, Australia's fortunes are mostly tied to China's rising middle classes and their demand for energy, housing, infrastructure and high-quality food -- which supports commodity demand -- as well as services -- like education and tourism. But even China faces the test of rising trade protectionism. After riding a global wave of growth in recent years, 2019 may prove to be a more challenging global backdrop for Australia.

Locally, Australia is also navigating its own uncharted seas, as the housing market cools in the major cities, at the same time that jobs growth is strong and the unemployment is falling. Politics will also play a bigger role in 2019, with an election due in the first half. We remain generally upbeat about Australia's growth prospects, but the outlook is also quite uncertain, particularly given the global backdrop.