Urbis Think Tank
Australian Retail Trade at lowest growth for 5 years, due to lack of stimulus
December Retail Trade figures released this week by the ABS show that the stimulus effects from 2008/09 have fully worn off. Annualised retail growth has fallen to its lowest level since Dec 2005, at only 2.4%.
The results are so soft, that we now have the weakest growth of our global comparison countries, after outpacing them for nearly 4 years until June ‘10.
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