‘A fragile sector’: Bank bosses warn on construction risks - Sydney Morning Herald


5/31/2022 12:00:00 AM2 years 11 months ago
by Clancy Yeates, Simone Fox Koob

The chief executives of two of Australia’s biggest banks have underlined the mounting financial risks in the construction sector.

Speaking more generally about the outlook, McEwan said the economy had rebounded strongly, but supply chain pressures and mounting costs were biting for NABs clients, alongside the risk of rising int… [+1414 chars]

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