Original article by Geoff Chambers
The Australian – Page: 4 : 29-Aug-19
PwC’s chief economist Jeremy Thorpe has warned of the potential impact on Australia if the Chinese economy experiences a hard landing. He says the resulting downturn in Australia’s exports to China would reduce government revenue from corporate taxes and mining royalties, while Budget surplus forecasts would need to revised. Thorpe adds that there could also be mine closures and job losses in the resources sector if lower Chinese demand puts downward pressure on commodity prices.
PRICEWATERHOUSECOOPERS AUSTRALIA (INTERNATIONAL) PTY LTD, DELOITTE TOUCHE TOHMATSU LIMITED
Original article by Jacob Greber
The Australian Financial Review – Page: 8 : 7-Jul-15
The shadow board of the Reserve Bank of Australia estimates that there is a 57 per cent chance that the central bank will leave the cash rate unchanged on 7 July 2015. Shadow board chairman Timo Henckel says the economic outlook for China is a bigger issue for Australia than the debt crisis in Greece. The Australian dollar’s fall below $US0.76 in the wake of Greece’s referendum will be welcomed by the Reserve Bank.
RESERVE BANK OF AUSTRALIA, AUSTRALIAN NATIONAL UNIVERSITY, UNIVERSITY OF MELBOURNE, AUSTRALIA AND NEW ZEALAND BANKING GROUP LIMITED – ASX ANZ
Original article by David Uren
The Australian – Page: 2 : 27-Oct-14
Deloitte Access Economics has released a new report on the potential impact on Australia of a more rapid slowing of GDP growth in China. The latter accounts for 38% of Australian exports, and if its growth rate falls to under 4% per annum Australia is likely to experience a recession. The forecasting firm warns that the Federal Government must do more to rein in the Budget deficit in light of this scenario. However Deloitte still maintains that the most likely outcome is growth in China of 7% or more, and a fall in Australia’s terms of trade of 9.2% for 2014-15 before less dramatic declines of between 1% and 2% a year in the period to 2018-19
DELOITTE ACCESS ECONOMICS PTY LTD