BRW --- Page: 30 : 27 March 2008 Original article by Chris Richardson
LexisNexis Summary
While the US economic situation is deteriorating, the Australian economy seems to be performing well. Investment spending in Australia is strong and there are no reasons to believe that there will be a major change in this area any time soon. The Australia Bureau of Statistics capex survey, which measures the first estimate of intentions for 2008-09, is at its strongest since the mid-1980s. It means that the Reserve Bank of Australia is likely to continue its policy of raising interest rates.
