Peter Martin, Crawford School of Public Policy, Australian National University
The Conversation’s distinguished panel predicts unusually weak growth, dismal spending, no improvement in either unemployment or wage growth, and an increased chance of recession.
Peter Martin, Crawford School of Public Policy, Australian National University
The Reserve Bank cut interest rates on Tuesday because we weren’t spending or pushing up prices at the rate it wanted. On Wednesday we might find things are worse than it thought.
Both Gaetjens and Frydenberg might reflect, incidentally, that this, the first budget for each of them, is likely to be their last - if the opinion polls are right.
Peter Martin, Crawford School of Public Policy, Australian National University
The Conversation has assembled a forecasting team of 19 academic economists from 12 universities across six states. Together, they assign a 25% probability to a recession within two years.
The latest survey by IAFEI, Duke University and Grenoble Ecole de Management indicate that nearly half of US CFOs believe the nation’s economy will enter a recession by the end of 2019