This reinforces the role of business investment and exports as underpinning the recovering economy. Looking ahead, the oil price presents a clear negative for the consumer and we're likely to see only a moderate pace of growth being sustained.
More Quotes from Scott Haslem:
Both Perth and Darwin have very strong gains which are continuing to be buoyed by the commodity price cycle.Scott Haslem
The house price data continues to suggest the worst of the house price declines are in the past, although we continue to see little upside from here for some time to come.
Scott Haslem
Wages appear to be at the top of the Reserve Bank's watch- list.
Scott Haslem
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