RBA Sees Boost to Economy as Prospects in Mining States Improve
- Recovery would boost inflation pressures: Assistant Governor
- State-by-state breakdown shows reversal of two-speed economy
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Australia’s economy may get a boost from mining states as the drag from falling resource investment eases and higher commodity prices bring windfall cash.
Nominal demand in Western Australia and Queensland is set to improve, providing support to the national economy, Reserve Bank Assistant Governor Christopher Kent said in a speech in Sydney on Tuesday.