Australia’s coming economic crisis – The Australian Business Executive | A Deeper Look at Business

The Australian economy is gravely ill.

Contrary to popular belief, Australia is suffering the most chronic economic structural imbalances in its history.

Record household debt of $2.34 trillion (especially relative to disposable income at over 190%), record high house prices (especially relative to disposable income), record net foreign debt over $AUD 1 trillion (or 57% of Australian Gross Domestic Product (GDP)) and household savings at a chronically low 2.1% (the lowest since December 2007) have dramatically increased systemic macroeconomic risk throughout the Australian economy.

By The Australian Business Executive

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