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)
- Morrison Government lurches towards virus civil war - August 7, 2020
- Time for the Green New Deal - August 7, 2020
- No business but no bankruptcies - August 6, 2020
YOU MAY ALSO BE INTERESTED IN
Time for the Green New Deal
Classical economics would prescribe decades of
Parents mental and financial stress soars
The Melbourne Institute has released research on
How the Victorian Government failed COVID-19 contract tracing
The hits keep coming for Daniel Andrews'
No business but no bankruptcies
Very, very strange times with capitalism all but