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Westpac senior economist Matthew Hassan said the index had been lower on only four occasions in its 49-year history - the early 1960s, mid-70s, early 80s and early 90s.
"Sure, Australia has taken a hit but it's nothing like as bad as in the US, UK or New Zealand," says Matthew Hassan, an economist at Westpac.
Westpac senior economist Matthew Hassan said the index had been lower on only four occasions in its 49-year history - the early 1960s, mid-70s, early 80s and early 90s.
Westpac chief economist Matthew Hassan said the reading was well below its long-term trend of 3.5 per cent and had fallen sharply from the 4.5 per cent recorded last July.
That was still well above its long-term trend of three percent, and Westpac's senior economist Matthew Hassan said the moderation needs to be kept in perspective.
"Sure, Australia has taken a hit but it's nothing like as bad as in the US, UK or New Zealand," says Matthew Hassan, an economist at Westpac.
Senior economist Matthew Hassan from Westpac, one of the big four Australian banks, said consumer sentiment has shown a " surprisingly resilient reaction to November's ...
That was still well above its long-term trend of three percent, and Westpac's senior economist Matthew Hassan said the moderation needs to be kept in perspective.
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Lehman Brothers (Financial Services industry): Associate, (2007-2008)
Deutsche Bank (Public Company; 10,001 or more employees; DB; Investment B...
Lehman Brothers (Financial Services industry): Associate, (2007-2008)
Deutsche Bank (Public Company; 10,001 or more employees; DB; Investment B...