The Australian Financial Review --- Page: 7 : 24 May 2007 Original article by Adrian Rollins
ABIX Summary
The Australian economy is getting stronger in 2007. The latest research suggests that the economy will continue to grow in 2007 and early 2008 on the back of strong farming and business activity and consumer confidence. The Westpac Bank/Melbourne Institute survey suggests that Australia's economic growth could average 4.4% in the coming fiscal year. Andrew Hanlan, of Westpac, said that the strong global economy is boosting the Australian economy. Hanlan noted that low unemployment and stable interest rates have raised consumer confidence, leading them to spend more and benefit the economy.
