“Australian businesses grew less optimistic about near-term prospects, signaling a slowdown in the fastest-growing developed economy that economists predict will force the central bank to cut interest rates again.
The business conditions index for the next three months dropped to 5, the lowest reading since the second quarter of 2009, National Australia Bank Ltd. (NAB) said in a survey released today. The second-quarter confidence index slipped to minus 2, the lowest since the third quarter last year, it showed.”
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