A tale of two economies unfolds
Article Abstract:
According to leading economists, Australia's economy will improve and grow in 1998-2000 despite conditions of international volatility and changes in domestic equity and capital markets. The federal government is predicting an optimistic 2.75% compared to lower estimates provided by the private-sector. If the encouraging forecasts are correct, the new incoming government will receive a large boost.
Publication Name: Business Review Weekly
Subject: Business, general
ISSN: 0727-758X
Year: 1998
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Fraser warns: the economy will slow; Bernie Fraser believes an economic slowdown may not bring interest-rate cuts; in fact, the next move may be up
Article Abstract:
Former Reserve Bank Governor Bernie Fraser is less optimistic than the Australian government about the country's economic outlook. He predicts a growth rate of only 2% that will be reflected in reduced consumer and business spending and a drop in employment. His forecast for higher interest rates is based more on anticipated action of the US Federal Reserve than domestic economic conditions.
Publication Name: Business Review Weekly
Subject: Business, general
ISSN: 0727-758X
Year: 1998
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The main points
Article Abstract:
Australian inflation is predicted to fall from 3% in 2000 to 2.5% in 2001, while gross domestic product will fall from 4.25% in 2000 to 3.75% in 2001.
Publication Name: Business Review Weekly
Subject: Business, general
ISSN: 0727-758X
Year: 2000
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