Wednesday, July 16, 2008

There are fresh forecasts of a further slow down in the Australian economy this year and into 2009.

Slowing economy kills need for rate rises: Westpac

The Westpac-Melbourne Institute leading index of economic activity has registered an annualised growth rate of 2.1 per cent for May, and indicates a growth rate substantially below trend for the next three to nine months. The fall in the leading index over the past six months is the sharpest decline since early 2001. Westpac says the index implies a substantial easing in spending and demonstrates that there is no further need for official interest rate rises.

Posted by big chris @ 03:05 AM (421 views)
Please complete the required fields.

Add a comment

  • Your email address is required so we can verify that the comment is genuine. It will not be posted anywhere on the site, will be stored confidentially by us and never given out to any third party.
  • Please note that any viewpoints published here as comments are user´s views and not the views of
  • Please adhere to the Guidelines

Your email address will not be published. Required fields are marked *

You may use these HTML tags and attributes:

<a href="" title=""> <abbr title=""> <acronym title=""> <b> <blockquote cite=""> <cite> <code> <del datetime=""> <em> <i> <q cite=""> <s> <strike> <strong>