23 Nov 2009
The Reserve Bank of Australia should continue to lead the world in raising interest rates as Australia’s economic growth outpaces most other countries, the Organisation for Economic Cooperation and Development (OECD) said in its semi-annual economic outlook released last Thursday in Paris. The OECD forecast the Australian economy to expand by 2.4% in 2010 and 3.5% in 2011. The OECD also indicated that the Australian Government should begin reducing stimulus spending by 2011.
Mortgage borrowers in the United States are falling behind on their payments in record numbers. 9.64% ...
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