Mar 6, 2013

A transitional economic moment: is the RBA left by itself?

The May Budget should be focused on ensuring the transition to a post-boom economy. It currently looks like anything but, report Glenn Dyer and Bernard Keane.

There are two key economic challenges for Australia this year: coping with the impact of the high dollar, and managing the transition to the post-mining boom. The government understands the first challenge and, judging by his economics speech last week, Joe Hockey is starting to as well, although it still seems like he’ll be in for a shock on that front when he finally gets his hand on the treasury portfolio.

On the second challenge … hmmm.

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