The SMH carried a well-structured, feel good article on the weekend by Tom Allard that argued Australia’s economy will prosper this year:
…Confidence is the key to Australia emerging from the mining boom, says former Reserve Bank board member Warwick McKibbin.
And the X factor for confidence could well come in the form of the dramatic slump in oil prices. The slump in world oil prices by more than half has led to a drop in the price at the bowser of 40¢ a litre since mid-2014.
