boom peak

What next for Australia after the boom peaks?

Many economists believe the RBA will be forced to lower rates again to help rebalance the economy as the resources investment boom peaks.

The Reserve Bank sees further falls in the Australian dollar to help rebalance economic growth as the mining boom peaks.

Montpelier began a return to normalcy and its population (like many boom towns) has never exceeded its Gas Boom peak.

Analysts said the RBA could to ease rates again later this year amid a slower-than-expected transition towards non-mining-led growth as the resources investment boom peaks.

RBA assistant governor of economics Dr Christopher Kent expects economic growth to be a little below average in 2013 as the mining investment boom peaks.

Economists said they expected at least one more rate cut this year unless the currency slips further, amid a slower-than-expected transition towards non-mining-led growth as the resources investment boom peaks.

Looking ahead, currency strategists expect the dollar to remain under pressure as the mining boom peaks, the Chinese economy maintains its weak outlook and the US economy recovers.

The federal government expects Australia's growth to slow further and unemployment to rise faster as the mining investment boom peaks, the terms of trade decline and the Chinese economy loses steam.

The Reserve Bank said in its June board minutes that further falls in the dollar would help to "foster a rebalancing of growth in the economy" as the mining boom peaks.

Pimco, the world's biggest bond fund, has called on the RBA to cut interest rates further, saying looser monetary policy will be needed to support domestic demand as the resource boom peaks.

While that level remains the second highest decennial rate, analysts say the U.S. may never return to its mid-decade housing boom peak in which nearly 70 percent of occupied households were owned by their residents.

In another sign of tight credit, a Tuesday report by the New York Building Congress said New York City will see its construction boom peak this year and construction jobs plunge.

And that’s before we start on the stubbornly high Aussie dollar, which remains above parity with the US dollar and is failing to provide much of an offset against that smaller-than-expected mining boom peak.

CANBERRA - Australia's economy will continue to prosper after the mining boom peak, with the nation's relationship with China broadening over time, Prime Minister Julia Gillard says.

While the broker expects the Commonwealth Bank's margins to benefit from its failure to pass on RBA rate cuts in full, it also stressed growing concern about the risk of loan impairment after the mining investment boom peaks.

The Reserve Bank of Australia (RBA) has identified home building as one of the sectors the economy will need to lean on to maintain overall growth, once the mining investment boom peaks toward the end of this year.

Commonwealth Bank senior economist Michael Workman said the data showed that the transition to non-resources led growth as the mining boom peaks was still "fairly hesitant and slow," and would support calls for another Reserve Bank rate cut soon.

The RBA's 2 percentage points of rate cuts in the past 19 months are designed to boost demand and hiring in the nation's south and east to pick up some of the slack in the economy as the mining investment boom peaks.

While banks have little direct exposure to the mining sector, the loss of jobs as the resources boom peaks, coupled with a growing population and a lack of sufficient jobs being created elsewhere in the economy meant the unemployment rate was expected to rise further, he said.

The Reserve Bank of Australia is looking to non-mining business investment as well as house building to pick up the slack and maintain growth as the country's resource investment boom peaks in the coming quarters, at about 8 per cent of GDP.