Original article by Matthew Cranston
The Australian Financial Review – Page: 3 : 5-Mar-19
Gabriel Sterne of BIS Oxford Economics has forecast that the Australian economy will continue to expand for another two years. Sterne attributes the nation’s unprecedented period of economic growth to factors such as a low level of macro volatility, a flexible labour market and its ability to manage household debt levels. However, BIS Oxford Economics estimates that there is a 25 per cent change of a global recession in the next two years.
BIS OXFORD ECONOMICS PTY LTD, RESERVE BANK OF AUSTRALIA, AUSTRALIA. PRODUCTIVITY COMMISSION, INTERNATIONAL MONETARY FUND, AUSTRALIA AND NEW ZEALAND BANKING GROUP LIMITED – ASX ANZ