You are viewing:-
you're reading...
1.Market Observations, 8.Was Sticky

4 Sept 2019 (TheAge) – Shoppers stay home despite tax cuts – Government braces for poor GDP result as shoppers keep wallets shut

(4 September 2019, The Age, p1, By Shane Wright and Eryk Bagshaw)

‘Billions of dollars in tax cuts and infrastructure spending have failed to kickstart the economy – tipped to be growing at its slowest rate since the last recession – increasing expectations the Reserve Bank will be forced to cut interest rates below 1 per cent within a month. Shoppers closed their wallets in July, pocketing cash or paying off debt with more than $3 billion in tax cuts that had been deposited into bank accounts, leaving retailers watching on as sales fell across the country.’

Read more at TheAge.com.au

Advertisements

About robertbrain

Brainy's Share Market Toolbox. Read the honest truth about the sharemarket. Develop or fine tune your investing/trading strategies using share price charts (technical analysis), or learn about the investment strategies of others. Melbourne (Australia) based - supporting share market investors and traders to build wealth through smarter investing using my Share Market Toolbox arsenal of weapons to tackle the market.

Discussion

No comments yet.

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

Advertisements
%d bloggers like this: