Economic Update
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  Running Time: 7:02 Date: 01/11/2012 Neville's not happy - not with the politicians, not with the Reserve Bank, not with our economic growth. What's going on? Whatever our economic challenges, it takes a lot to dent the normally upbeat approach of regular economist, Professor Neville Norman. But this month, as we slide towards the end of 2012, Neville doesn't have a spring in his step. Rather, he takes a more cautionary approach regarding our economic progress. There's plenty of uncertainty overseas, of course. But closer to home, the politicians aren't making the right calls, nor is the Reserve Bank, and our growth path is nowhere near where it should be. There are messages in all this about the decisions we need to make in our own businesses, Neville advises. And one important area that will definitely affect our bottom line is interest rates. They may be going down this year, but what will happen when they start going up, and up again? As Neville Norman looks ahead to 2013, he suggests it just might be time to consider locking in. His advice: think about it! Topics: Economy |
 Professor Neville Norman, Melbourne University |