May 29 (Reuters) - Fitch:
* FITCH RATINGS SAYS AUSTRALIA'S GROWTH AT DECADE-LOW DESPITE DE-SYNCHRONISED CYCLES
* FITCH SAYS AUSTRALIAN ECONOMY HAS BEEN SLOWING DOWN QUITE SHARPLY SINCE SECOND HALF OF LAST YEAR
* FITCH SAYS AUSTRALIA'S GDP GROWTH WILL SLOW TO DECADE LOW OF 2% THIS YEAR DESPITE DE-SYNCHRONISED MOVEMENTS IN HOUSE PRICES, COMMODITY PRICES
* FITCH ON AUSTRALIA'S GROWTH SAYS WEAKENING MOMENTUM HAS BEEN TRIGGERED BY A PROTRACTED DOWNTURN IN HOUSING MARKET
* FITCH SAYS DESPITE POSITIVE COMMODITY PRICE TAILWINDS, EXPECT 2019 AUSTRALIAN GDP GROWTH TO HIT 2.0%, ITS LOWEST SINCE 2008-2009 GLOBAL FINANCIAL CRISIS
* FITCH SAYS EXPECT RESERVE BANK OF AUSTRALIA TO CUT ITS POLICY RATE BY AT LEAST 25BPS THIS YEAR, POSSIBLY AS EARLY AS JUNE MEETING
* FITCH SAYS HIGH FREQUENCY INDICATORS POINT TO WEAK MOMENTUM IN AUSTRALIAN ECONOMY HAVING CARRIED OVER INTO FIRST HALF OF THIS YEAR