WEEKEND ECONOMIST: Post-boom daze

The Australian economy is making few inroads into its post-mining boom transition, with near-term conditions surprising to the downside. But monetary and exchange rate stimulus are still flowing through.

In its Statement on Monetary Policy for August, the Reserve Bank has made one significant change to its forecasts. That is a reduction in the growth forecast for 2013 from 2.5 per cent to 2.25 per cent.

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