RBA Cuts GDP, Inflation Outlook on Weak Investment, High Aussie

RBA Cuts GDP, Inflation Outlook on Weak Investment, High Aussie

Brendon Thorne/Bloomberg

Boats are moored at the King Street Wharf precinct as buildings stand in the central business district of Sydney. Australia’s economy has benefited from high terms of trade, or export prices relative to import prices, that rose to a record in 2011.