RBA Governor Stevens Comments

Written April 21, 2009 at 12:04 AM EST by  

RBA GOVERNOR STEVENS: AUSTRALIA’S ECONOMY IS IN RECESSION; SEES SIGNS OF RECOVERY IN CHINA

- Business investment likely to fall further, but households relatively optimistic
- Terms of trade to fall but unlikely to reverse recent years’ gains
- Long term economic prospects remain good
- Global economy is in much worse state than in 2001-02 recession
- Effects of monetary, fiscal stimulus to come through for some time yet
- Global growth to be lower than in prior decade for some time

No Responses to “RBA Governor Stevens Comments”

Add a comment