There are a lot mixed opinions on the Australian economy in 2008. We are already having banks lift interest rates, with the Reserve Bank yet to increase rates. The US is definitely not looking good.

China is becoming a more important trading partner for Australia. Construction should continue through 2008 up to and past the Beijing Olympics.

However, it is my opinion that post-Olympic projects will be much fewer and there will be a drop in demand for new apartments and office space. Energy imports though should remain steady.

Anyone else brave enough to make some predictions?