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The ABC’s business reporter, Stephen Letts, yesterday posed the question: will Australia’s shaky retail sector pose a problem for Australia’s banks?
…conditions in retailing haven’t been great for a while, failures are mounting up, yet retail property development — much of it funded by banks — is growing above its historical average…
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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.