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

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)


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 economy

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