Building slump to hit whole economy

Original article by Michael Roddan, Elias Visontay
The Australian – Page: 1 & 2 : 18-Oct-19

The Reserve Bank’s deputy governor Guy Debelle has told an industry conference in Sydney that a forecast slump in dwelling investment could reduce GDP growth by one per cent. The Master Builders Association’s chief economist Shane Garrett has called on the federal government to take steps to bring about an end to the current housing downturn as soon as possible, while ­Opposition Leader Anthony Albanese says Prime Minister Scott Morrison has no plans for stimulating the economy.

CORPORATES
RESERVE BANK OF AUSTRALIA, MASTER BUILDERS’ ASSOCIATION, AUSTRALIAN LABOR PARTY, AUSTRALIA. DEPT OF THE PRIME MINISTER AND CABINET

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