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Fairfax’s Peter Martin has penned another good piece today quoting RBA Governor Glenn Stevens’ call for the Government to lift infrastructure investment in a bid to boost growth and transition the economy away from mining:
While home building and consumer spending are doing all right, mining investment is collapsing, non-mining investment is set to slide (against expectations) and governments, both state and federal, are doing little to help.
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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.
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