Business
Future Fund’s warning even louder than GDP – The Australian Financial Review
The numbers tell the story of an economy that’s been in free fall. But has it faced its real test? The Future Fund thinks not.
We dont feel any pressure to deploy that liquidity, he says.
There is not a lot of distress baked into asset pricing, but theres certainly the potential for that to emerge as the stimulus is pulled back over the next year or so.
The hard work is going to begin when this stimulus starts being withdrawn. Its going to be hard to get the economy growing again.
Peter Costello, Future Fund chairman
The 7 per cent plunge in GDP quarter-on-quarter was even bigger than economists had predicted, with …
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