Please click the link below to view Shane Oliver’s views on the current state of the Australian economy.
The main points are ;
- Australia faces three key structural challenges : the end of the commodity price boom is leading to slower growth in national income; this is putting pressure on the budget; and it’s all occurring when productivity growth has slowed.
- To get growth in economic activity and in material living standards back onto a strong sustainable path will require more serious economic reform, including getting the budget under control, tax reform, more privatisation, more infrastructure spending and reduced regulation.
- This will likely be necessary to ensure strong sustained performances from Australian asset classes.
