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Commonwealth Bank Chief Economist Michael Blythe looks at Australia’s elevated level of household debt and suggests the main threat this poses is the drag on consumer spending. He says the answer lies not so much with reducing debt but boosting incomes.
Improved demand has prompted firms to raise employment and boost production.
Growth in business activity slowed despite stronger rises in sales and employment.
Sydney’s $2.1 billion CBD and South East Light Rail is benefiting from CommBank’s experience.
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