The Reserve Bank of Australia (RBA) has left the door open to further falls in official interest rates, after revising down its estimates for economic growth and warning of the need to avoid a sharp slowdown in the months ahead. Continue reading
National Australia bank today warned of a marked slowdown in growth in Australia in the face of the global credit crunch as it unveiled a 10% fall in cash earnings for the last 12 months to $3.9 billion – a result hit by a sharp increase in bad debts. Continue reading
THE Reserve Bank governor Glenn Stevens has admitted there is a risk that the Australian economy could reach recession, but he remains confident that the slowdown will be moderate.
In a parliamentary economics committee hearing in Melbourne, Mr Stevens said the economy would slow further from its current pace of growth before recovering. Continue reading
Excerpts and comments from article appearing in SMH on 5-9-08
“Activity in Australia’s construction industry contracted for a sixth straight month in August as housing weakened further.” Continue reading
Sorry, don’t be too sure about that. The Reserve Bank has cut its official interest rate only because times are getting tougher. Continue reading
THE global economy — which had long remained resilient despite US weakness — is now slowing significantly, with Europe offering the latest evidence of trouble. Continue reading
Business conditions slumped in July to levels not seen since the aftermath of the 2001 US terrorist attacks as demand across many industries wilted. Continue reading
STATEMENT ON MONETARY POLICY
The material in this Statement on Monetary Policy was finalised on 7 August 2008 and released on 11 August 2008. Continue reading
While economists normally define recessions and recoveries by the state of broad economic aggregates such as GDP growth, there is nothing to prohibit individual sectors and subsectors of the economy from experiencing their own private bouts of boom and bust. Continue reading
THE big banks are refusing to guarantee they will pass on cuts in official interest rates as more grim economic news of a slowdown emerged yesterday. Continue reading
CRS Warner Kugel trading as The Insolvency Experts © 2011. All rights reserved
Ph: 1300 767 525 | Add: Level 2, 56 Clarence St, Sydney NSW 2000 | Web Design by Quantum Web Solutions
