Infrastructure needed ‘to pick up slack’

Original article by Glenda Korporaal, Annabel Hepworth
The Australian – Page: 17 : 20-Oct-14

An Australian Institute of Company Directors forum has heard from Kevin McCann, chair of investment banking firm Macquarie Group. He said the national economy was likely to remain subdued, and there was an urgent need for major infrastructure projects by governments to provide a stimulus as capital expenditure in sectors other than energy declines. Such an approach has already been promised by the Federal Government, and will be promoted by it at the Group of 20 (G20) leaders’ summit in November 2014

CORPORATES
MACQUARIE GROUP LIMITED – ASX MQG, AUSTRALIAN INSTITUTE OF COMPANY DIRECTORS, GROUP OF TWENTY (G-20), UNITED STATES. FEDERAL RESERVE BOARD, INSURANCE AUSTRALIA GROUP LIMITED – ASX IAG, COCHLEAR LIMITED – ASX COH, RESERVE BANK OF AUSTRALIA

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