Gerry Harvey says Australia is nowhere near a recession
Gerry Harvey, executive chairman of retailer Harvey Norman, says recent wet weather has resulted in fewer sales of outdoor furniture and air conditioner units, but he still expects to have a good Christmas, while next year is more opaque.
Mr Harvey told The Australian Financial Review that consumers were still spending on big-screen televisions and energy saving products with no sign of any slowdown, despite rising cost-of-living pressures.
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