Article: FED: Aust growth rate to boost region: Singapore PM


AAP General News (Australia)
03-04-1999
FED: Aust growth rate to boost region: Singapore PM

By Liz Rudall, Economics Correspondent

CANBERRA, March 4 AAP - Australia's economic growth surge was a boost for the Asian region
but needed to be sustained, Singapore's Prime Minister Goh Chok Tong said today.

The comments came amid evidence that wages growth was flattening in Australia, suggesting
relatively high real wages should not boost inflationary pressures.

After meeting with Prime Minister John Howard today, Mr Goh said he hoped Australia could
sustain strong economic growth, which came in at 4.7 per cent for 1998, for a few more years.

"It surprised me," he told reporters of ...

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