In its latest assessment of Australia, the Organisation for Economic Co-operation and Development says the housing market poses a risk to the nation’s economic growth. “Life is good, with high levels of wellbeing, including health and education,” the group said. Aside from the housing market, the agency said risks to the growth outlook include uncertainty about export demand – owing to rebalancing in China – and the potential escalation of global trade tensions. The dam would provide fresh water to a salmon farm in Okehampton Bay, a planned golf course and housing development and for local towns in the event of drought or climate change-related shortages. Sign upIf you would like to receive the Guardian Australia morning mail to your email inbox every weekday, sign up here.

Source: The Guardian December 09, 2018 19:52 UTC