A piece in the Sydney Morning Herald on an economic forecaster and his views on the Australia
A further downturn in China would leave Australia exposed, without sufficient tools to avoid a recession ...
"The real question is how severe is China's downturn going to be"
"I think the risk of a recession is higher than most people would price it," he told Fairfax Media. "Most people are talking about a less than 30 per cent chance this year. I think it is higher."
Says government has far less "wriggle room" to avoid a recession than it had before the GFC
Comments from chief economist for Industry Super Australia, Stephen Anthony
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There's more at the article, with plenty of other contrasting views
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I'm very much in the 'no recession' for 2016 camp. And, if there is one the RBA has ample scope to cut rates further, not to mention plenty of options for fiscal action from the government ... maybe at the expense of the AAA rating, but, m'eh.
