KPMG’s Bernard Salt has posted an article in The Australian today predicting a recession in 2018:
If my decade-long wave theory is correct, there will be no buffer in 2018 and a lack of experience in dealing with a recession by the electorate, by politicians and by business leaders and this would magnify the psychological and social impact of any downturn. Consumer confidence and spending would contract and recoil. Political dissent would foment. Social distress if not dysfunction would ensue.
