The Australian Financial Review --- Page: 1/6 : 5 December 2006 Original article by Adrian Rollins
ABIX Summary
Market economists have downgraded their expectations for Australia's growth figures, due out on 6 December 2006. They are expecting an annual growth rate of less than two per cent. The Reserve Bank's three interest rate rises, with their flow-on effects to the housing industry and the labour market, are believed to have but a brake on the economy. After growing only 1.9 per cent on an annual basis in the June quarter, economists expect the September quarter to be similar or lower. Job advertisements fell four per cent in November and building approvals dropped seven per cent in October.
