Australia Cuts Potential GDP Growth to 2.75% as Population Slows

  • Potential rate has fallen from about 3%, Treasury's Ray says
  • Treasury to finalize mid-year economic forecasts after 3Q GDP

Australia’s Treasury lowered its estimate of the economy’s potential growth rate, or speed limit, reflecting weaker population growth and fewer hours worked in an economy adjusting to the end of a commodity-price boom.

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