Saul Eslake downbeat on Australia's prospects: We attach a ~75% probability to a scenario in which Australian real GDP growth slows from around 2.75%pa in 2013...

Tom McKay
Tom McKay Livewire

Saul Eslake downbeat on Australia's prospects: We attach a ~75% probability to a scenario in which Australian real GDP growth slows from around 2.75%pa in 2013 and 2014 to just under 2% in 2015 and 1.5% in 2016. In this scenario the unemployment rate peaks at 6.75% in early 2016. If this plays out then the combination of flat incomes with rising unemployment will find it difficult to support current asset prices. (VIEW LINK)

Australia economy

Comments

Please sign in to comment on this wire.