Australia’s housing downturn a larger-than-expected drag on economy
Australia’s property downturn is
hitting household consumption and is a big drag on economic
growth and inflation that will likely last at least another
year, despite three interest rate cuts, a senior central bank
official said on Thursday.
hitting household consumption and is a big drag on economic
growth and inflation that will likely last at least another
year, despite three interest rate cuts, a senior central bank
official said on Thursday.
Posted by Reuters
