Australia’s economic performance is expected to improve this year after the election of a government that is expected not to cause the country any economic pain, but that has some concerns about Brexit, as the Australian Bureau of Statistics predicts a recession.
The ABS is forecasting an increase in the GDP growth rate from 3.3% in 2016 to 4.6% in 2021, and is forecasting a 4.2% decline in 2019, when the government will leave the EU.
The economy is expected in 2019 to grow at an annual rate of 5.7% from the current level of 3.6%.
The ATS forecasts the economy will grow at 4.4% in 2020 and 5.4%, 5.5% in 2025, and 5% in 2030.
The last time the ABS forecast growth was 5% was in 2007.
The BIS has also lowered its 2018 forecast for the Australian economy to 3.4%.
That is a slight improvement from the 3.9% the bureau forecast in May.
It is expected the economy grows by 2.5%, a much faster rate than expected in 2017, and the economy grew at an average rate of 3% between 2015 and 2017.
That was the strongest growth in the world for four years, with the Aussie dollar increasing against the US dollar and gold.
There are concerns the BIS will change its growth forecasts next year as it adjusts for the impact of Brexit.
The bureau is also projecting the economy to shrink by 0.2 percentage points in 2019 and by 0-0.1 percentage points by 2020.
The outlook for 2021 is even more bleak, with GDP expected to shrink 0.4 percentage points to 2.8% from 2.9%.
The growth rate will remain unchanged, with a decrease of 0.1-0,2 percentage point in 2019.
The 2017 growth rate was the weakest since 2010, but this year’s figures suggest the economy is still recovering from the global financial crisis, which affected Australia’s manufacturing sector.
This is because the ATS has revised down its growth forecast for manufacturing from 5.9 per cent to 4% for 2021, from 4.9 to 4%.
Manufacturing is the second-largest sector in Australia after services.
The Australian Bureau is also forecasting a reduction in the number of Australians working in the manufacturing sector from 4 million to 3 million by 2026.
The biggest job losses in the sector are expected to be in construction, where construction is expected by the bureau to shed a further 3 million jobs by 2027.
There is also a potential loss of 1 million jobs in the construction industry, mainly in Victoria.
The government is also cutting the number by 500,000 people over five years.
These cuts will be offset by a rise in the numbers of Australians who will be unemployed.
The Bureau of Economics and Finance is also predicting a fall in the Australian dollar from $US50 to $US37 by 2028.
The US dollar is expected lower than it was at the start of the year.
The Government has already cut the budget deficit by $US3.3 billion and has made savings of $US2.3 trillion.
This has led to a reduction of the budget surplus to $2.7 trillion from $2 trillion.
However, this has also led to the loss of jobs in manufacturing, construction and agriculture.
This year’s forecast is also expected to put the country into recession.
Australia has been in recession for over five quarters now, and this is expected over the next four years.
Australia’s GDP fell by 3.7 percentage points last year, and was projected to shrink 2.4 points this year.
This led to Australia’s gross domestic product falling by 3 per cent, and its unemployment rate to a historic high of 18.7 per cent.