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Global economy in trouble ... |
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05/06/2012 |
| Member rating |
4.5/5
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... we need rate cuts but structural reform more important.
Australia's structural problems require welfare, tax and IR reform. Further rate cuts are appropriate now but there is a risk of putting the monetary policy cart before the structural reform horse. I fear that it is up to Glenn Stevens and his board to provide easier monetary policy while politicians fight about who can best run the economy more generally. |
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