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Moody’s warns on rising Aussie RMBS bad loans

September 13, 2017 - 12:38 -- Admin

Via Moody’s: » Macroeconomic update: We forecast that Australia’s real GDP will grow by around 2.5% for full-year 2017 and 2.7% for 2018. Australia’s GDP is growing at below the 10-year average, but we believe the level of growth is supportive of RMBS performance. However, Australia’s high household debt in combination with record low wage

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