Retailers bask in a little ray of sunshine

Original article by Tim Boyd, Patrick Durkin
The Australian Financial Review – Page: 7 : 5-Jul-19

Carpet Court CEO James Hayward predicts that the $1,080 tax rebate that most low and middle income earners will receive in the next few months will provide a similar boost to the economy as Kevin Rudd’s 2009 stimulus package. That package saw around 10 million Australians receive $900. His comments are echoed by MYOB CEO Tim Reed, who notes that low and middle income earners have a "high propensity to spend".

CORPORATES
CARPET COURT AUSTRALIA LIMITED, MYOB GROUP LIMITED, KOGAN.COM LIMITED – ASX KGN, COMMONWEALTH BANK OF AUSTRALIA – ASX CBA

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out /  Change )

Google photo

You are commenting using your Google account. Log Out /  Change )

Twitter picture

You are commenting using your Twitter account. Log Out /  Change )

Facebook photo

You are commenting using your Facebook account. Log Out /  Change )

Connecting to %s