Business investment boom ending: experts
Drops in business investment are now happening worldwide. The question is, will central bank policy makers realize that this development is just as important as the changes in housing prices and consumer sentiment? Or will they continue to hold rates up until we're pushed into a recession?
Australia's business investment boom looks to be coming to be an end, with capital expenditure plunging in the third quarter and spending plans for 2006/07 increasing only slightly.
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