Life is hard for the senior bank economist. CBA chieftain, Michael Blythe, is the latest to hose claims that Australia is experiencing a per capita recession. From The Australian:
“If this is a recession, then it is one of the strangest I’ve seen in my 36 years following the Australia economy,” he said. “No recession I have seen comes with positive jobs growth, an unemployment rate at the full employment level of 5 per cent, a (near) budget surplus, upgraded business capex plans, above average consumer sentiment and rising terms of trade”…
