Australian Economy Remains Steady
Posted
@ Jan 1st 2006 1:12pm
- By GCPN Property Network
Growth in the Australian economy is likely to remain steady in the near future, according to the University of Melbourne's Associate Professor Mark Crosby, who spoke last month at the Melbourne Institute Economics Forum.
In discussing the latest issue of the Mercer-Melbourne Institute Quarterly Bulletin of Economic Trends (QBET), Dr. Crosby said that key economic indicators released in recent months continue to show solid growth, despite some signs of weakening economic activity and emerging inflationary pressures.
Dr. Crosby said that over the previous two months oil prices had fallen and the forecast was for inflation to remain comfortably within the RBA's target range over the next twelve months
.