Dynamic Business Logo
Home Button
Bookmark Button

Economy to remain ‘weak’

Despite positive news of an economic recovery, a leading economist has said the Australian economy will remain ‘weak’ for the next six months.

St George chief economist Besa Deda said Australia’s economy would remain stagnant for quite some time, with falling business investment and rising unemployment the major risks for the local economy.

“It will be a difficult period, particularly with business investment being pared back, said Deda.

“But around late this year, you should see some gradual improvement and that should continue into next year.”

People who read this, also liked:
Australia outperforms all advanced economies: OECD
World Bank warns global economy will contract: stimulus needed

What do you think?

    Be the first to comment

Add a new comment

Jessica Stanic

Jessica Stanic

Jessica has a background in both marketing and journalism and is dedicated to making the website the leading online resource for small to medium businesses with ambitions to grow.

View all posts