March - where are we now??

March 2010 is upon us. Where are we now?

We are where every other economy in the world would like to be. The RBA today increased the cash rate by another 0.25 % in their consistent campaign to move monetary policy in Australia back to a "normal" stance that is neither suppressive or inflative of domestic demand pressures. Inflationary outbreaks, in response to what in hindsight has proven to be excessive economic stimulation, are now being targeted.

Booming residential property prices coupled with promising employment figures have added weight to the idea that Australia is recording considerable progress. Managing the inherent risks associated with our emergence from a downturn have thrown up a whole range of conflicting challenges for those with their hands on the national tiller.

It is a challenging time for Australia, for employers and for job-seekers. However, if you need some encouragement in confronting these challenges, just read the British, American and Irish press!