Australia Forecasts Investment Boom to Help Trim Budget Deficit.

Read More: RBA's Harper Sees Economy Running Hot Without Runaway Inflation Frydenberg also told the AFR that a consumer spending splurge of up to A$250 billion in pent-up savings would also be a factor in lifting the economy. (Bloomberg) -- Australian businesses will boost investment at the fastest pace in a decade as the economy shakes off the impact of new and old variants of the coronavirus, Treasurer Josh Frydenberg. [Extracted from the article]

Copyright of Bloomberg.com is the property of Bloomberg, L.P. and its content may not be copied or emailed to multiple sites or posted to a listserv without the copyright holder's express written permission. However, users may print, download, or email articles for individual use. This abstract may be abridged. No warranty is given about the accuracy of the copy. Users should refer to the original published version of the material for the full abstract. (Copyright applies to all Abstracts.)