“Dr Doom” predicts Aussie dollar to drop 20 per cent
By Joe Kelly · 23 September 2014 · Economy
By Joe Kelly · 23 September 2014 · Economy
A renowned US economist has forecast a significant drop in the Australian dollar, citing a Chinese slowdown and a tight federal budget. But what does this mean for your finances?
A renowned US economist has endorsed a pessimistic outlook for the Australian economy over the next 12 months, warning of a Chinese slowdown, halting GDP growth and a 20 per cent drop in the value of the Australian dollar. Roubini Global Economics, founded by Dr Nouriel Roubini, has warned that a tight federal budget, lower […]
Tags: "Dr Doom", Aussie Dollar, commodity prices, Interest Rates, Mining, Roubini