So says the NAB business survey:
2011 called. It wants its economy back. Houses bashed as holes boom. 2020 will reverse it again as the terms of trade fall away. Whether the east can recover will depend upon the extent of the global shock.
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.
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.
Latest posts by David Llewellyn-Smith (see all)
- Mirabile dictu: International students caput for 2021 - January 22, 2021
- Why the RBA is happy with rising house prices - January 22, 2021
- Scomo quietly explodes IT migrants - January 22, 2021
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