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Spending plunge may dent economic growth

October 11, 2017

The sharpest fall in retail spending in more than four years has cast doubt on the Reserve Bank’s economic growth forecasts and adds weight to expectations for a long run of unchanged interest rates. Retail turnover plunged 0.6 per cent to $25.9 billion in August, missing market expectations of a rise from July of 0.3 per […]

economic-growth
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