Will Weak GDP Pressure the RBA to Act?

The video discusses Australia's economic challenges, focusing on the unexpected GDP drop due to a decline in mining CapEx. It highlights the impact of China's slowdown on Australian exports and the RBA's struggle with currency depreciation and interest rate pressures. The RBA's efforts to stabilize the economy amid falling commodity prices and a weakening Aussie dollar are also examined.

What was the primary reason for the unexpected softness in Australia's GDP growth?

• Decline in mining capital expenditure

• Rise in export volumes

• Increase in domestic demand

• Strengthening of the Australian dollar

How has China's economic slowdown affected Australian exports so far?

• Exports to China have been unaffected

• Exports to China have remained strong

• Exports to China have decreased significantly

• Exports to China have increased dramatically

What is a potential risk to Australia's growth forecasts for 2015?

• Rising commodity prices

• Weakening exports to China

• Strengthening domestic demand

• Increase in mining CapEx

What has been the RBA's hope regarding the Australian dollar?

• That it would strengthen to boost exports

• That it would remain stable to avoid shocks

• That it would decline to insulate the economy

• That it would increase to control inflation

What is likely to happen if the RBA does not see relief on the currency front?

• Interest rates may decrease significantly

• Interest rates may come under pressure

• Interest rates may increase significantly

• Interest rates may remain unchanged