Parko: Australia “sleep-walking” into recession

Wednesday 26 August 2015

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.

The full text of this article is available to MacroBusiness subscribers

$1 for your first month, then:

$24.99 / month

$249 / year

Cancel at any time through our billing provider, Stripe

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.