Morgan Stanley lowers Australia's 2026 GDP growth to 1.2%
Morgan Stanley has lowered its GDP growth forecast for Australia in 2026, predicting a slowdown to 1.2% from 2.6% in 2025. This revised outlook falls short of the Reserve Bank of Australia's expectations. Separately, a company called Aitech, involved in auto parts and software, has increased its registered capital by 39%, with shareholders including Chery Automobile and a fund associated with Xiaomi. AI