In the wake of the 2017 Federal Budget and with prices for Australia’s major commodity exporting slumping Gunnamatta spoke with David Llewellyn-Smith and Leith van Onselen about the Australian economy and its key drivers and outlook.  In a wide ranging discussion they cover the role that immigration is currently playing in sustaining Australia’s current economic data, while making little plausible sense for a nation remaining reliant on natural resources, and how this affects Australian politics, policymaking, real estate and infrastructure.

David looks at the dynamics in the iron ore, coal and gas markets, with the implications this has for the budget, and there is a detailed look at the implications of the Adanic coal mine in Queensland and proposals to build an LNG terminal for imports.  Leith explores the 2017 Budget’s reliance on wages meeting extremely optimistic forecasts, which he and David make clear are simply not going to happen, all ultimately leading to Australia expecting a sovereign downgrade, with the implications of this for the Australian economy and currency.

The discussion last approximately 75 Minutes and comes in 3 parts.

June 2017 Macrobusiness LVO DLS Pt1 Final

June 2017 Macrobusiness DLS LVO Pt2 Final

June 2017 Macrobusiness DLS LVO Pt3 Final