Fraser Says Australian Firms Reluctant to Commit to InvestmentIain McDonald
The pace and timing of a recovery in non-mining business investment remains a significant source of uncertainty, Australian Treasury Secretary John Fraser says in testimony to parliamentary committee in Canberra.
- Businesses in the non-mining economy overall remain reluctant to commit to significant investment plans in 2015-16
- Labor market resilient in recent months; jobless rate still expected to edge a little higher
- Wage growth constrained by spare capacity in labor market
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