Australian treasurer says economic slowing &quot;not unwelcome&quot;
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SYDNEY : Treasurer Peter Costello said the slowing of the Australian economy apparent in the latest growth figures is &quot;not unwelcome&quot; as he maintained a forecast of annual growth of around 3.5 percent.
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Australian Prime Minister John Howard on Friday dropped his objections to a national carbon emissions trading scheme but said he would not be rushed into setting targets that could damage the economy.
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The governor of ChinaÂs central bank said economic growth is likely to slow slightly in the rest of 2006 and in 2007 as the bank acts to reduce liquidity.
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Prime Minister John Howard warned that Australia's strong dollar, high world oil prices and the lingering effects of prolonged drought would dampen the country's long-buoyant economy in 2005.
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SYDNEY (Dow Jones)--Australia&#39;s economic growth likely slowed sharply in the third quarter, economists said Monday, with data showing a record current account deficit and foreign debt.
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Australia&#39;s equity market and currency may rise following the Liberal-National coalition&#39;s election to a fourth term in office after pledging to extend 13 years of economic growth and keep interest rates low.
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Australiaâs conservative government on Tuesday pared back its economic growth outlook due to disappointing exports, as expected, but said its budget position had been boosted by strong tax receipts.
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Don&#39;t sweat the debt: Along with benign inflation and rising home prices, Alan Greenspan says personal debt is no threat to the US economy.
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An expected economic slowdown hasn't materialized, easing fears of recession ahead of the Fed's latest policy statement.
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Australia's interest rates, stable at 5.25 percent since December 2003, may be raised within months amid signs of renewed inflationary pressures, the central bank warned.
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The Australian government has defended its big-spending election promises as opponents and some economists claimed its new commitments would push up the very interest rates it is promising to hold back.
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Australia pared its economic growth forecast yesterday because of sluggish exports, as expected, but said rising tax receipts would boost the country&#39;s budget surplus.
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The International Monetary Fund on Monday commended Australia for its strong economic performance and said the country&#39;s outlook was favorable and unlikely to
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Consumer prices barely budged in August, suggesting that inflation isn&#39;t currently a problem for the economy and Federal Reserve policy-makers can stick with a gradual approach to raising interest rates.
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The Federal Reserve decided to keep interest rates steady Wednesday and acknowledged that the economy is slowing down, which could mean the Fed may not need to raise rates further in the near future.
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The economy may grow slowly the first half of this year, the Bush administration said yesterday, but it is not in recession.
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ST. LOUIS  - The U.S. appears likely to avoid an economic slowdown, and Federal Reserve interest rate targets are well-positioned to stabilize the economy, St. Louis Fed Bank President William Poole said on Monday.