In order for Australia to continue to keep a robust growth outlook, the global economy must remain healthy and recent market volatility would have to wane. The International Monetary Fund Forecast Australia’s economy to grow 1.8%, lower than the 2% forecast in August, reports Edna Curran for WSJ.com.
As the European debt crisis continues to threaten a disruption in the global economy, a softening in Asian commodities demand would be the biggest risk to the Australian economy, according to the IMF. [Australia ETF: Commodities Could be the Savior]
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Tisha Guerrero contributed to this article.