From Smartcompany.com.au: The outlook for the global economy has stabilised but recovery is expected to be gradual. Industrial activity is showing early signs of stabilisation and consumer confidence is improving from very low levels.
Financial markets are also improving with equities market gains since early March consolidating and credit spreads narrowing. The Australian economy has thus far avoided a ‘technical' recession and has been among the best performers globally. While economic growth will remain fragile in 2009, ongoing policy stimulus and support from improving Chinese demand will soften the blow going forward........Full Article: Source
|