Economic forecast.

The article presents forecasts on the economy of Australia for 2012-2016. It anticipates steady acceleration for the country's gross domestic product (GDP) growth which is predicted to be at 2.9% in 2012. Some of the external risk factors to the economic growth forecast for Australia, include the sovereign debt crisis in the euro zone, the slowdown in the Chinese economy and the decline in global commodity prices. It outlines forecast on the rate of consumer price inflation for 2012.