The Melbourne Institute’s Monthly Bulletin of Economic Trends report has revealed that the growth outlook for Australia remains below trend as a result of reduced activity in the labour market.
“The outlook for labour remains gloomy. The declines in dwelling commencements and the number of building approvals are indicative of further possible slowdowns in the labour market, particularly in the construction sector,” said Dr Micahel Chua, a member of the institute’s applied macroeconomics team.
Published: 24-06-08
You’re out of free articles for this month
To continue reading the rest of this article, please log in.
Want to see more stories from trusted news sources?
Make The Adviser a preferred news source on Google.
Click here to add The Adviser as a preferred news source.
Tags: