The world’s biggest fund manager, Blackrock, has warned that a slump in housing will trigger renewed weakness across the Australian economy over the coming year. From Victoria Thieberger at Business Spectator:
BlackRock Australia investment strategist Steve Miller says the housing sector has been the key support for an economy in transition, underpinning spending and helping to insulate the economy from the collapse in the resource sector. But both house prices and housing construction now look “fragile”.
