Business Services Industry
New economy view criticised.
Australasian Business Intelligence, November, 2001
Nov 16, 2001 (The Australian Financial Review
ABIX via COMTEX) -- Australia's Internet sector is edgy about a recent Reserve Bank statement on the domestic economy. The Reserve says Australia is insulated from the global downturn, because its exposure to the new economy is limited to the production side. The executive director of the Australian Internet Industry Association, Peter Coroneos, says such a view could send the wrong signals to potential foreign investors in Australia's information and communication technology (ICT) sector. Coroneos says his association would have preferred a supportive statement, referring to the success of Australians as innovators.
RESERVE BANK OF AUSTRALIA: AUSTRALIAN INTERNET INDUSTRY
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