Spending boost to spur economy

Original article by David Uren
The Australian – Page: 17 & 21 : 1-Mar-19

Non-mining investment is tipped to increase by 8.5 per cent in fiscal 2019, according to figures released by the Australian Bureau of Statistics. This is excess of the four per cent growth that Treasury had forecast in its mid-year budget review, while the Reserve Bank’s monthly credit report reveals that business lending is now at 5.2 per cent annual growth. The latest GDP figures are due to be released in the week beginning 4 March, with the Commonwealth Bank forecasting growth of between 0.25 per cent and 0.5 per cent.

CORPORATES
AUSTRALIAN BUREAU OF STATISTICS, RESERVE BANK OF AUSTRALIA, COMMONWEALTH BANK OF AUSTRALIA – ASX CBA, ADELAIDE BRIGHTON LIMITED – ASX ABC, NATIONAL AUSTRALIA BANK LIMITED – ASX NAB

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