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17 Apr 2015
RBA's Edwards: Aus jobs unambiguously good news
FXStreet (Bali) - RBA board member John Edwards was quoted by the Wall Street Journal after the bright Australian employment report from earlier on Thursday, noting it was "unambiguously good" news for the economy, which remains "very far" from recession.
Additional quotes
Too soon to say Australia's economy is mounting a solid recovery
Said he would not rely on a few months of employment data to judge that the economy has "turned a corner."
"We know that mining investment is continuing to decline and will for likely several years to come, and we know that government spending is very slow and a drag on growth"
Additional quotes
Too soon to say Australia's economy is mounting a solid recovery
Said he would not rely on a few months of employment data to judge that the economy has "turned a corner."
"We know that mining investment is continuing to decline and will for likely several years to come, and we know that government spending is very slow and a drag on growth"