(Episode 266; 5min 48) Optimists are starting to declare that maybe we’re seeing some signs of economic recovery. That seems unlikely if you believe predictions from economists on BTalk Australia over the last few months.
Remember how Steve Keen said that our level of debt was the real reason for the economic downturn?
Nicholas Gruen says that although that debt may have reduced a little we can expect a lengthy downturn and points to our foreign debt as one area of concern.
And how do we get out of it? Bill Mitchell points to the need for more government job creation programs.
So, given these views is the government really getting to the bottom of the issue? Can we expect to see a steady climb out of the crisis? Add your views in the Talkback section at the end of this post.
Hear each of these economists in earlier editions of BTalk Australia:
Recession is Only the Beginning | BTalk Australia
Foreign Debt is the Biggest Issue | BTalk Australia
Working Less Hours is Not the Answer | BTalk Australia
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