Australia's economic activity predicted to slow
Updated
New analysis from the OECD suggests Australia's stronger economic growth figures are unlikely to be repeated in the period ahead.
The Paris-based Organisation for Economic Cooperation and Development has just released its latest Economic Outlook publication.
It says economic activity in Australia is likely to slow to below three per cent this year and next because of tighter financial conditions and a worsening global environment.
It says this should ease pressures on the labour market and bring inflation back under three per cent by the end of 2009.
But the OECD says monetary policy will need to be kept tight to avoid inflation expectations causing strong wages growth.
