2006 Growth Rate Possibly Around 3.5%

LATEST AUSTRALIAN BUSINESS NEWS

Earlier this week we reported on the slow down in building activity and it being a possible indicator of a greater slow down in the Australian economy. However, as can only be expected, there is often other economic data that supports a slightly counter view.

The Westpac Bank and The Melbourne Institute’s combined economic survey (which is widely and credibly accepted) indicates that the Australian economy will continue to grow at a slightly lower pace than expected in 2005, but will not deteriorate further in 2006. This data indicates that Australia’s 15 years of economic growth is set to continue – not at a significant pace – but at a highly respectable 3 – 3.5%.

For information on this article, or on any other aspect of the Australian economy or business opportunities available, please email me.

David

david.taylor@agarcarlyon.com