Westpac Economic Update: 17 July 2015

Westpac Senior Economist Elliot Clarke comments on this weeks markets events with a primary focus offshore, Greece deal passes Parliament, China’s Q2 GDP result, and Chair Yellen’s report to the U.S. Congress. Meanwhile onshore, the Consumer Sentiment Index takes a decline, highlighting households are concerned about family finances, employment prospects, and general state of the economy. Next week will be focusing on CPI, expecting a headline outcome of 1% for the second quarter.

You can find more weekly economic updates from Bill Evans and his team on the Westpac website. Their forecasts are available every Friday at lunchtime, Sydney time.