Drought cuts Growth to 3%
The drought in Australia, the worst in 100 years, is expected to reduce economic growth for 2002/2003 to 3%. The previous forecast was for 3.5 to 4% growth set in May this year. This was stated by the Governor of the Reserve Bank at a hearing of the House of Represenatives Economics Committe in Warrnambool on 6 December.
Posted Sunday, 8 December 2002
- Sunday, 20 Mar 2022 - Discombobulation Decade
- Friday, 27 Nov 2020 - RIR and Why Oz needs a Heath System Tax (HST)
- Saturday, 11 Apr 2020 - Back to Work with Covid-19? - Not so Fast!
- Tuesday, 7 Apr 2020 - Key people charting the Australian Recovery
For past news items, visit the News Archive.