We’re paying for past economic sins
ANALYSIS: Until our economy shows spare capacity and the OCR falls, we are no closer to getting out of the woods.
WATCH: NBR columnist Christoph Schumacher speaks with Jonathan Mitchell.
Technically, we are out of the recession. Our economy grew by 0.2% in the first quarter of this year, which is good news after two successive quarters of contraction. But does this marginal growth mean we are out of the woods?
Early economic indicators suggest otherwise. Retail card spending
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