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Australia's Economic Recovery Is On Track, Despite Uncertain Global Outlook, Report Says Sep 11
Standard & Poors, Sep 2011
Abstract
MELBOURNE (Standard & Poor's) Sept. 13, 2011--Australia's economy will likely continue along a sound recovery path, even though there is a risk that economies further afield could derail this scenario, according to a report published today by Standard & Poor's Ratings Services titled 'Uncertain Global Outlook Threatens To Derail Australia?s Economic Recovery'. 'Unlike most advanced economies, Australia is facing the external and domestic challenges from a position of relative strength,' Standard & Poor's credit analyst Kyran Curry said. 'It has wide scope for easing of fiscal and monetary policy to respond to these risk factors should they eventuate. And what gives us more optimism about Australia's near-term growth outlook is that sound domestic demand, relatively healthy corporate and household sectors,...
Companies mentioned in this report are: Australia (Commonwealth of) (Unsolicited Ratings)
Action: General Comment
Standard and Poors RatingsXpress Credit Research provides in-depth coverage of international corporates, financial institutions, insurance companies, utilities, sovereigns and structured finance programs. RatingsXpress Credit Research lets users determine the credit rating of holdings and identify key factors underlying an issuer's creditworthiness, distinguishes the different risk exposures for new and existing deals, and provides an understanding of how their analysts interpret key regulatory, political and environmental events and their economic impact.
Research type: News
This product is a is a brief one-page announcement of no more than 500 words with a quote from the analyst. It is media and investor focused with no accompanying commentary article.
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