High Aussie dollar could double unemployment

Thursday 25 September 2014

Dr Janine Dixon of Victoria University’s Centre of Policy Studies yesterday presented modelling on the effects on incomes and jobs of the Australian dollar remaining at around its present level for a further two years to the Melbourne Economic Forum.

According to this modelling, reported today in The AFR, unemployment in Australia could double if the Australian dollar does not fall significantly from its still high level of $US0.88:

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About the author

Leith van Onselen is Chief Economist at the MB Fund and MB Super. He is also a co-founder of MacroBusiness. Leith has previously worked at the Australian Treasury, Victorian Treasury and Goldman Sachs.