Former secretary of the Australian Treasury, Dr Martin Parkinson, delivered a reality check yesterday to the Nation Reform Summit, arguing that Australia is “sleepwalking” into a real mess, which could lower Australia’s GDP by 5% over a decade – akin to a recession. From The AFR:
“Unless we grab this challenge by the horns and really get concrete about what are the issues … we’re going to find ourselves sleep-walking into a real mess,” he said.
