Hopes pinned on household bank boosting economy
Hopes pinned on household bank boosting economy Share Treasurer Josh Frydenberg is hoping historically high household saving levels and strong consumer sentiment will continue to stimulate the economy as government support tapers down. EStore’s Leigh Williams is one of the beneficiaries of the build-up in inventories that the Treasurer hopes will be bought by cashed-up consumers. Eamon Gallagher “Households have reduced their savings ratio, but not by a lot,” Mr Frydenberg said following the release of the March quarter national accounts. “We would expect as confidence continues to ...
Source: afr.com