Michael Blythe
Michael Blythe
consumer continues exports housing investment replaced slowing spending stronger theme
We are getting the investment we need to see. It continues the theme of rebalancing in the economy: slowing consumer spending and housing being replaced with stronger exports and investment.
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Consumer caution was shaping up as the major domestic risk to the Australian economic outlook in 2006. Good labor market outcomes were always going to be the best antidote to this caution.
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Whether or not this consumer caution becomes a persistent theme in 2006 will depend to a large extent on labor market trends.
consumer continues exports housing investment replaced slowing spending stronger theme
We are getting the investment we need to see, ... It continues the theme of rebalancing in the economy: slowing consumer spending and housing being replaced with stronger exports and investment.