Governor Michele Bullock cites consumer spending and China’s slowdown as bigger influences on Australia’s economic trajectory
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The Reserve Bank governor, Michele Bullock, has downplayed the role of government spending in keeping inflation elevated, citing consumer spending and China’s slowdown as bigger influences on Australia’s economic trajectory.
“I want to be clear that public demand is not the main game,” Bullock told the House of Representatives economics committee on Friday. Instead, she pointed to consumption, residential construction and trade as “the big swing things that are going to impact us over the next year or so”.
Continue reading…Governor Michele Bullock cites consumer spending and China’s slowdown as bigger influences on Australia’s economic trajectory Follow our Australia news live blog for latest updatesGet our morning and afternoon news emails, free app or daily news podcastThe Reserve Bank governor, Michele Bullock, has downplayed the role of government spending in keeping inflation elevated, citing consumer spending and China’s slowdown as bigger influences on Australia’s economic trajectory.“I want to be clear that public demand is not the main game,” Bullock told the House of Representatives economics committee on Friday. Instead, she pointed to consumption, residential construction and trade as “the big swing things that are going to impact us over the next year or so”.Sign up for Guardian Australia’s free morning and afternoon email newsletters for your daily news roundup Continue reading…
