Why is new infrastructure spending now so crucial to the Australian economy?

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AUDIO: Why is new infrastructure spending now so crucial to the Australian economy?

The Australian stock market has been on a tear after taking a thumping late last year, notching up one of the strongest performances in the world. And things will only get better as the global economic news gets worse, writes Ian Verrender.

When the Reserve Bank lowers interest rates tomorrow, it will be firing off one of the last six shots remaining in the chamber. The warning signs point to an exceptionally weak economy susceptible to a growing list of international shocks, writes Ian Verrender.

 

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