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Letter "J" » Jarrod Kerr Quotes
«The much-needed rotation in the sources of Australia's economic growth away from consumer spending and home building is well under way.»
«Recent soft economic numbers for Australia and the fall in the annual rate of inflation add up to an unchanged cash rate on Wednesday. In fact, we forecast an unchanged rate for all of 2006.»
«Consumer confidence has fallen five times in the last eight months and signals that the difficult times are not over for households.»
«Growth in employment this year is likely to be substantially lower than over the past year. In that sort of environment, we forecast the central bank will leave interest rates unchanged for the rest of the year.»
«Corporate spending, particularly in mining, has replaced household spending and home building as the principal driver of growth in the economy. It will also alleviate capacity constraints in the economy.»
«The downside surprise on economic growth was not large enough to alter the outlook significantly.»
«The good news is the surge in business investment is laying the groundwork for improved growth. This is what the central bank wants and so they will stay on the sidelines.»
«We're still hoping for a big rebound in export volumes this year, but we're certainly off to a shaky start. We think there's plenty of demand and that prices will be sustained -- it's just getting the product out there.»
«The probability of rate cuts this year is very high and we see 100 basis points of easing starting in July or September.»
«Input prices are rising a lot faster than output prices, which means manufacturers across all stages of production are taking a hit to their margins.»