JANUARY 2010

Happy New Year?

Professor Neville Norman, Melbourne University

After successfully forecasting the major changes to the Australian economy in 2009, Professor Neville Norman of Melbourne University lays out his expectations for 2010. His "Most Likely" outcomes are generally more positive than either those of the Federal Government or an averaged survey of other economists. In particular, he foresees a much smaller Budget deficit, at $18 billion - a result of a strong recovery pushed along by returning confidence, spending on equipment and the flow-through from the Government's stimulus packages.