Business appears increasingly concerned that further weakness is in prospect. The Reserve Bank is very much on hold, weighing the higher inflation reality against the prospect of further slowing in domestic demand and a mild deterioration in the labor market.
More Quotes from Alan Oster:
Despite improvements in confidence and still reasonable sales, the results suggest that business is still reluctant to increase hiring.Alan Oster
On the other hand, export volumes benefit from increased capacity and a lower Australian dollar partly offset by some moderation, but sustained trading partner growth during 2006-2007.
Alan Oster
Overall, the message you come back with is, business conditions, activity, was pretty good, although there's still doubts about whether this is going to continue for a long time.
Alan Oster
For 2001, we expect Japanese growth of marginally less than 1 percent.
Alan Oster
The Reserve Bank will continue to monitor higher short-term inflation risks from oil against slowing economic activity. While the bank might engage in occasional bouts of jawboning, we see little prospect of rates moving in either direction for some considerable period.
Alan Oster
The pace of economic activity is continuing to moderate. The Reserve Bank is very much on hold, watching both the inflation outlook and domestic demand over the remainder of 2005 and well into next year.
Alan Oster
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