Moody's expects the Australian economy to remain robust

The ratings agency Moody's expects the Australian economy to remain robust, growing by 3 percent this year and 2.5 percent in 2019, according to Reuters news.

Key quotes

The Australian economy expands at a slightly faster pace of growth than in its euro-area peer countries.

The robust Australian economy will support banks' credit fundamentals and strengthen their resilience against economic shocks.