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Choppy waters. (Rational Economics).(Australian economy)
EMINENT ECONOMIST, former head of Treasury and politician, John Stone, is optimistic about Australia's economic prospects ("Sailing Ahead", SavingsFactory Review, August 2001). I too have moments of optimism, although I note that we are sailing in choppy waters against fierce competitors. The choppy waters come from the weakness of global economic activity. Japan has been stagnant for a decade, the US economy is growing at best very slowly (and some people believe US shares are still far too expensive) and major European economies are slowing. Success for Australia depends more than ever before on skilled navigation and a competitive boat, but in vital respects we are ...
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Source: HighBeam Research, Choppy waters. (Rational Economics).(Australian economy)