JULY 2009

The Economy 2009/10

Professor Neville Norman, Melbourne University

Business Essentials economist Professor Neville Norman gives his forecasts for the Australian economy in financial year 2009/10. He says the Rudd Government's stimulus packages have worked, though the government has made other mistakes. And he believes official Treasury forecasts are too gloomy: he sees early signs of a recovery, which could lead to interest rates rising again in 2010, along with inflation.