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|Economy of Australia Requires Some Stimulus|
|Releases - Finance|
|Written by athan smith|
|Thursday, 19 April 2012 20:46|
Multi-speed economy of Australia needs some stimulus like a cut in interest rates, said by Richard Goyder, Managing Director of Wesfarmers Ltd.
Goyder said that, There is no doubt customers are being very wary, much cost conscious in what they are doing and are concerned about the financial environment.
The finance news recently reported that Wesfarmers is the one of biggest employers of the Australia and most diversified firms, is seeing sensibly good financial conditions in Western Australia as well as there are few "good elements" in economy of Queensland but conditions are "much tougher" in southeast Australia, Goyder said in an interview.
Asked about the interest rate situations, Goyder said that, the economy could carry out with some stimulus at present as well as Australia does have a few room on financial policy.
He said that, he would be optimistic that it won't be too long prior to we get further interest rate cut.
Goyder also greeted a government policy to roll its budget into the surplus next financial year which is starting from July 1.
He said that, it is significant that the government obtains its financial house sequentially after some important deficit budgets though "not at all costs" like by extra imposts on business.
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