Says the signs of economy stress are nothing to be alarmed about
Not sure what context CEO Elliot is speaking in, but thre you go.
More:
Bloomberg with more from Elliot. He was speaking at a Reuters event in Sydney today:
- The emerging signs of stress in the Australian economy are nothing to be alarmed about
- But the country is not used to such signs
- He is concerned about property market overheating in some areas
- Notes pockets of overbuilding
- Main driver of housing market is strong household formation rather than foreign investors
