Comments from RBA board member John Edwards in the Aussie press overnight:
- A jump in March employment is "unambiguously good" news for the economy
- Australian economy is "very far" from recession
- Too soon to say Australia's economy is mounting a solid recovery
- Said he would not rely on a few months of employment data to judge that the economy has "turned a corner."
- "We know that mining investment is continuing to decline and will for likely several years to come, and we know that government spending is very slow and a drag on growth"
The article is in the Wall Street Journal: Australia's Job Figures a Rare Bright Spot for Economy (gated)
and reprinted in Australian press.
