We haven't seen much improvement in export volumes and that suggests net exports will detract from economic growth yet again. The current account deficit also will stay wide, reflecting increased profits for foreign investors and higher debt-servicing costs for Australian companies.
More Quotes from Richard Gibbs:
There is a risk of losing credibility, because if you look at the experience of the last few years, things haven't been so dire.Richard Gibbs
You do need to know what the health risks of your population are. That's what the health risk analysis is for it's an important starting gate. It'll show if you have a higher proportion of smokers, if your employees have more of a disposition to diabetes or bad health.
Richard Gibbs
It's like a pro quarterback who wants to keep going. I don't blame the dancers, but we do try to combat that.
Richard Gibbs
The recent rise in the oil price could see consumer spending pull back in coming months ... if we were in charge of monetary policy, we would not tighten.
Richard Gibbs
I think Koizumi is a genuine contender, although I worry about the factional support,
Richard Gibbs
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