Expert Panel Video Conference on the Economic Road Ahead EOFY Playbook 2021/22

Australia’s economy will limp along after recovering from COVID 19, failing to regain the growth it had either in the years leading up to the crisis or the much higher growth in the decades before.

That’s the view of many economists across the country.

Most expect year-average economic growth (the measure reported in the budget) to slide from 4 per cent this financial year to just 2.2 per cent by 2024-25, well below the average of 2.6 per cent assumed in the Federal Government’ intergenerational report.

A number of economists are forecasting much weaker business investment than does the Federal budget and lower household spending, but higher wage growth and lower unemployment. They expect a flat share market, and slower growth in house prices.

The Australian Chamber of Commerce and Industry ACCI and CreditorWatch held a zoom session with an expert panel to discuss the economy and the importance for businesses to stay connected with markets outside of Australia, including highlights from the CreditorWatch report – Economic Road Ahead EOFY Playbook 2021/22. https://lnkd.in/g2v-mpfH

The session included the perspectives and insights from Nerida Conisbee the Chief Economist at Ray White Group, John Winter the CEO of the Australian Restructuring Insolvency & Turnaround Association (ARITA),Patrick Coghlan the CEO of CreditorWatch and Harley Dale the Chief Economist, at CreditorWatch.

The panel discussion will be facilitated by ACCI’s Chief Economist, Ross Lambie.