The helicopter view
Despite a weak labour market/wage growth, analysts expect broadly stable growth. GDP is set to expand 2.5% this year, with 2.8% growth in 2018. Inflation is expected to average at 2.1% this year.
The services sector is the largest part of the Australian economy, according to the CIA World Factbook. Australia was the only advanced economy not to experience a recession in 2008–2009.