Recall MB’s recent advice to the incoming WA government:
Here is what he’s inherited in the Budget forecasts:
The key inputs are all hilariously inflated still. In order, population growth and consumption are supposed to rebound but on what? Population growth is down to 1% and falling fast versus a projected 1.3% and rising:
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David Llewellyn-Smith is Chief Strategist at the MB Fund and MB Super. David is the founding publisher and editor of MacroBusiness and was the founding publisher and global economy editor of The Diplomat, the Asia Pacific’s leading geo-politics and economics portal.
He is also a former gold trader and economic commentator at The Sydney Morning Herald, The Age, the ABC and Business Spectator. He is the co-author of The Great Crash of 2008 with Ross Garnaut and was the editor of the second Garnaut Climate Change Review.
