Resources investment to peak next year

THE Reserve Bank of Australia has credited resources investment for leading domestic growth but it expects that investment to peak next year – highlighting a more sombre outlook than this time last month.

Resources investment to peak next year Resources investment to peak next year Resources investment to peak next year Resources investment to peak next year Resources investment to peak next year

When announcing a 0.25% interest rate cut yesterday, the RBA said growth in Australia was running close to trend, led by large increases in capital spending in the resources sector.

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