Thrifty Australians gear up to splash the cash

Australians will soon be ready to come out of their savings hibernation and start spending again. Significant housing and stock market increases provide the framework for a serious consumer pick-up.

Most of the preconditions are in place for a strong bounce in consumer demand. Consumer spending is shaping up to be particularly strong in 2014, which is a vital element of the rebalancing of the economy as the mining investment boom fades.

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