Goldman Sachs warns Australia has a one in five chance of slipping into recession next year as Mining Investment slows

Tom McKay

Goldman Sachs warns Australia has a one in five chance of slipping into recession next year as Mining Investment slows. The major risk factors include political uncertainty and poor labour demand as the mining boom ends. Tim Toohey says that if the financial crisis is set aside - along with other periods of severe economic slowdown - the 20 per cent risk rate is the highest in the post-war period. Goldman Sachs says the first six months of 2014 are a danger zone, with Australia's annual economic growth rate tipped to fall below 2 per cent. (VIEW LINK)


Tom McKay

I'm the Managing Director and Co-Founder of Livewire. I'm passionate about collecting and curating the markets most informed insights every day so that our members can discover new investment ideas. If you would like to get in touch - please use...

Expertise

Australia mining economy China goldman sachs

Comments

Please sign in to comment on this wire.