Unemployment to surge
Team Westpac are not too optimistic about the Aussie economy reaching full employment, n fact expecting unemployment to surge precisely the other way to 5.6 per cent within just a few months from now.
Also in biz news this morning:
-unprecedented store closures to hit landlords and other retailers (SMH)
-no pay rises in 2020 as economic confidence 'in a crater' (SMH)
-collapse in consumer and business confidence locks Australia into slow growth (Australian)
Also in the SMH:
-nothing more the RBA can do (SMH)
Have a great week!