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Prospect of political limbo for a period fails to damage optimism for the economy

Dan O'Brien


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Building boom: Whoever forms the next government will have the wind at their backs when it comes to housing. Photo: Bloomberg

Building boom: Whoever forms the next government will have the wind at their backs when it comes to housing. Photo: Bloomberg

Building boom: Whoever forms the next government will have the wind at their backs when it comes to housing. Photo: Bloomberg

There is, it would appear, little prospect of a stable government being formed in the short run. What are the implications of political uncertainty for purses and wallets? Could an extended political vacuum slow the economy or, worse still, bring growth to a halt?

And what are the options for a new government to bring about change in housing, one of the most talked about issues during the election?

Before getting to those questions, let's take a look at the latest news on the state of the economy right now.