Another conflicting report on the economy.

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Jun 2nd 2005, 9:20 pm

jad n rich

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Another conflicting report on the economy.

Well after last weeks housing zoom news this week we have a boom

http://www.theaustralian.news.com.au...5E2702,00.html

Jun 2nd 2005, 9:28 pm

jad n rich

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Re: Another conflicting report on the economy.

And remember last weeks 9% interest rates

http://www.thecouriermail.news.com.a...55E462,00.html

Economic roulette anyone.

Last edited by jad n rich; Jun 2nd 2005 at 9:31 pm.

Jun 2nd 2005, 11:01 pm

Megalania

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Re: Another conflicting report on the economy.

The rain falls where it will. Patchy showers predicted.

Jun 3rd 2005, 12:52 am

sackofspuds

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Re: Another conflicting report on the economy.

Quote:

Originally Posted by jad n rich

And remember last weeks 9% interest rates.

Yeah, interest rates may be unlikely to go up if the economy carries on slowing so markedly, which is good news for people with mortgages. Unfortunately, the unemployment which will doubtless result from the general slowdown won't do the housing market any good.

Interesting article in the FT - http://news.ft.com/cms/s/3abf1ab2-d3...00e2511c8.html. Apparently growth in Q1 was an annualised 1.9% and would have been negative were it not for "a build-up in inventories". This 1.9% figure "contrasts with the 3.7 per cent and 2.7 per cent recorded in the US and UK respectively".