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These are the six economists who don’t know who the local economy works:
Persistently high inflation, bubbling wage pressures, weak productivity growth and stimulus from income tax cuts mean borrowers may have to wait another year for the Reserve Bank of Australia to cut the cash rate.
…“Everyone’s talking about the last mile of inflation globally, and I think we’ve probably got a greater problem with that in Australia than other economies,” former senior RBA official Jonathan Kearns told The Australian Financial Review
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About the author
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.
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