A pattern of growth that was heavily skewedtowards household spending was not going to be able to continue indefinitely, and the balance-sheet adjustment now occurring in the household sector should reduce the risk of a sharper adjustment later.
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This quote is just one of 5 total Malcolm Edey quotes in our collection. Malcolm Edey is known for saying 'A pattern of growth that was heavily skewed towards household spending was not going to be able to continue indefinitely, and the balance-sheet adjustment now occurring in the household sector should reduce the risk of a sharper adjustment later.' as well as some of the following quotes.
It is not hard to appreciate that this provides a significant boost to incomes and spending. With exports representing about a fifth of GDP, each 10 percent increase in the terms of trade adds about 2 percent to the value of national income.
The increase in business investment now underway will in due course add to the economy's productive capacity. It also offers the prospect of a pick-up in export volumes, particularly in the resources sector.
A pattern of growth that was heavily skewed towards household spending was not going to be able to continue indefinitely, and the balance-sheet adjustment now occurring in the household sector should reduce the risk of a sharper adjustment later.
What we have been seeing is a change in the composition of growth, with businesses rather than households now the main drivers of growth in domestic spending.
This quote is just one of 5 total Malcolm Edey quotes in our collection. Malcolm Edey is known for saying 'A pattern of growth that was heavily skewed towards household spending was not going to be able to continue indefinitely, and the balance-sheet adjustment now occurring in the household sector should reduce the risk of a sharper adjustment later.' as well as some of the following quotes.