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2.Economic forecasts

31 Dec 2010 – Jobs up, rates up, sharemarket up – and it’s steady as she goes (economic forecast for 2011)

(31 Dec 2010, TheAge, Peter Martin) [The Age’s annual economic survey for the year ahead 2010.]

“HOME buyers might have to suffer through as few as two more interest rate increases next year, and ought to be comforted by a steady-as-she-goes economy and high employment, according to The Age Economic Survey for 2011.”

“None of it will be too bad for business, in the benign picture painted by the panel of leading economists. The Australian sharemarket should climb a further 8 per cent – outpacing Japan’s 6 per cent, the US’s 4 per cent and Britain’s anaemic 1 per cent.”

“As good as they are, the results of the half-yearly forecasts are likely to disappoint Australia’s fiscal decision makers.”

Read more at TheAge.com.au

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