Economist Nouriel Roubini said financial markets were not pricing short-term interest rates correctly, including in Australia, where he said inflation was clearly more persistent than the RBA had expected.
Underinvestment in the \energy sector meant that even a moderate increase in demand would translate into higher commodity prices and higher inflation, he said.With the budget under pressure from a $50 billion annual structural deficit, Australian Institute of International Affairs incoming national president Heather Smith said the federal government would be faced with trade-offs around national security, economic prosperity and social cohesion.
Mr Costello said doing business in Australia was getting more expensive due to deglobalisation and the energy transition. “But undoubtedly, I think we would be looking at unemployment rising. And let’s be honest, that’s part of why interest rates are going up. Because we’ve probably learned that we can’t support a non-inflationary unemployment rate below 4 per cent.”BHP chief executive Mike Henry said Australia had to remain competitive to attract overseas capital to build new industries that can offset expected declines in other ones.
What. So not only is the government going to send families to the wall with rising interest rates but people's jobs are going to be sacrificed to 'tame inflation'. Yet Coles & Woolworths increase prices at will & unchecked making billions in profits. RBAInfo JEChalmers AlboMP
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Fuente: FinancialReview - 🏆 2. / 90 Leer más »