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The strength of Australia’s economy is evident with the 2012 budget in surplus.

 

News Details
Date: May 11 2012

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The strength of Australia’s economy is evident with the 2012 budget in surplus.

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The Reserve Bank of Australia (RBA) cut the official cash rate by 50 basis points to 3.75% when it met earlier this week.

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Expectations are high for an interest rate cut next month following weaker than expected inflation figures released this week.

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The Australian economy has been praised by the International Monetary Fund (IMF).

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Ron Cross, CEO of ParkTrent Properties Group, spoke recently with the New Straits Times in Malaysia.