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1.Market Observations, 8.Was Sticky

26 Feb 2015 (AFR) – Decline in infrastructure spending, big projects

(26 Feb 2015, AFR, p10, Mark Ludlow)

‘Lower commodity prices are expected to contribute to a big fall in spending on major projects over the next three years, adding to the drag on the economy from poor business and consumer confidence. With big mining and energy projects being shelved or completed, an ANZ report on major projects for 2015 said the combined spending on projects worth more than $100 million will fall from $88 billion last year to $32 billion in 2017.’

Read more at (might need AFR login access)

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