2246 GMT - National Australia Bank Chief Executive Andrew Irvine isn't convinced that falling inflation and tax cuts will do much to lift Australia's weak economic growth just yet. Irvine says that households are likely in a better position, with government energy subsidies also assisting some. "But early indications of how this affects consumption and economic growth are mixed, with some of the benefit likely to be saved initially," Irvine tells investors in a discussion of NAB's annual results. (stuart.condie@wsj.com)
(END) Dow Jones Newswires
November 06, 2024 17:46 ET (22:46 GMT)
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