A fast to follow the spending binge?

The recent surge in retail sales makes the outlook brighter for employment, but don’t be surprised if it's just a temporary spike. Spending growth could slow to 2 per cent in 2014 as households become more, not less, cautious.

Retail spending continues to boom but how long can it last? Not as long as the Reserve Bank of Australia needs it to unless the labour market picks up soon.

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