Morgan Stanley warns Australia's economy may have gone backwards
Jessica SierNorth Asia correspondent
Updated
While markets including the ASX have shot higher following Donald Trump's surprise election win in the US, some economists suggest Australia might be in for a rude shock.
A continued unwind in resource investment, contracting activity in the housing sector, and weaker household incomes are on track to push Australia's economy to shrink over the three months to September 30, argues Morgan Stanley.
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