With the Government under mounting pressure to identify how it will attempt budget reform while supporting consumer spending Gunnamatta spoke with David Llewellyn-Smith and Leith van Onselen about how the Australian economy shapes up in the early months of 2016 and the major influences on how it will withstand the continued fall in Mining Capex, the downturn in housing construction anticipated in the second half of the year, and the closure of Australian carmaking which will commence in October.
In a wide ranging discussion David runs over the major commodity markets and how they will impact the Australian economy, Leith discusses the ongoing fall in real wages, and both look at the confusing budget reform narrative articulated by the current government in its attempts to keep consumers opening their wallets, convince global markets they have a plan to craft a more competitive economy and return the budget to surplus, and sell the package to voters in the upcoming election.
The discussion runs for about 46 minutes, is broken into two parts, with both parts available in Mp3 and Ogg.