Tuesday August 24, 2010

Report: post-election economic clouds looming

Despite the uncertain outcome of the weekend’s Federal Election, whichever party forms government will continue to face a familiar set of policy issues over the medium-term, says leading industry analyst and economic forecaster, BIS Shrapnel. These issues will ultimately manifest into the re-emergence of serious inflationary pressures and high interest rates before the next election in late 2013.

BIS Shrapnel’s Long Term Forecasts, 2010 – 2025 report predicts economic growth will accelerate and average 3.8 per cent per annum over the next three years. The report also forecasts solid employment growth to push the unemployment rate down to below four per cent by early-to-mid 2013.

Contact: Richard Robinson