Economic Update April 2012
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  Running Time: 4:32 Date: 01/04/2012 We all know about the two-speed economy, focus now on the TWO-PHASE economy. Don't expect business conditions to get much better for most of this year, warns our regular economist Associate Professor Neville Norman of Melbourne University. Figures for the December quarter show an annual growth rate of around 1.6 percent and there's no sign of improvement in the short term. But Professor Norman expects an upturn late in the year to take us into 2013, with a consequent lift in profits and jobs growth. Interest rates will rise again, but there's no need to fix rates yet. Topics: Economy |
 Professor Neville Norman, Melbourne University |