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)
Copyright (c) 2024 Dow Jones & Company, Inc.
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.