A construction site in central Sydney. The Reserve Bank of Australia, which delivered back-to-back rate cuts in June and July, has its work cut out given the official cash rate is already at an all-time low of 1 per cent. Photo: Reuters
A construction site in central Sydney. The Reserve Bank of Australia, which delivered back-to-back rate cuts in June and July, has its work cut out given the official cash rate is already at an all-time low of 1 per cent. Photo: Reuters
Business

Australian property recovery fails to boost wider economy

  • Australian economy is heading for 29th straight year of recession-free growth, but remains persistently weak

Reuters
Reuters

Updated: 7:02pm, 17 Sep, 2019

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A construction site in central Sydney. The Reserve Bank of Australia, which delivered back-to-back rate cuts in June and July, has its work cut out given the official cash rate is already at an all-time low of 1 per cent. Photo: Reuters
A construction site in central Sydney. The Reserve Bank of Australia, which delivered back-to-back rate cuts in June and July, has its work cut out given the official cash rate is already at an all-time low of 1 per cent. Photo: Reuters
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