Australia’s economy: official forecasts catch up with reality


black swan 50

In my August 2018 post, I noted a suite of indicators that Australia’s economy was slowing significantly.  It is only in May 2019 that official forecasts have been revised downwards to reflect he long-evident facts.

The Reserve Bank of Australia have announced their downwards revision on the eve of Australia’s federal election on 18 May 2019.

Those who read my August 2018 post will have had plenty of time to prepare for this slowdown.

My latest report on Australia’s economic outlook is sobering, but essential, reading.

Charlie Nelson