Rick Egelton
Rick Egelton
initiative leave room
It (the GST cut) is their big initiative and it doesn't leave them a lot of room to do other things.
past quicker
I think the pass-through has been much quicker than it has in the past.
careful run
I think they would want to be very careful not to run a deficit. . ,it would look terrible.
declines demand expect fulfilled further interest medium rates rise
We expect further declines in 2006 and subsequent years as pent-up demand is fulfilled and as interest rates rise over the medium term.
alongside economy indeed purchasing
When you take (the report) alongside all the other indicators, particularly the purchasing managers' survey, it confirms the economy is indeed in recovery.