Business Services Industry
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Australasian Business Intelligence, August, 2001
August, 2001 (My Wealth
ABIX via COMTEX) -- Despite four positive forecasts for the Australian economy within the space of a week, the economic climate is uncertain. Surveys by National Australia Bank, Access Economics, Dunn & Bradstreet and Westpac have predicted strong growth. However, the global situation - particularly in Europe, the US and Japan - should make investors pause for thought. In addition, there are mixed signals emanating from certain sectors of the Australian economy itself. While the property market is extremely competitive, due partly to the first home buyers' grant, the retail sector is
uring a downturn in sales, while commodities are soft and telcos disastrous. It is a period in which Australian investors need to act with...
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