Michael Blythe
Michael Blythe
antidote australian best caution consumer domestic economic good labor major market outcomes outlook risk shaping
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.
coming exports last signs
Clearly, exports are the disappointment. Signs that at long last the exports story was coming through, has pretty much disappeared with this release.
becomes caution consumer depend extent labor large market persistent theme whether
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.
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.