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31 May 2018 (AFR) – Household debt the top Australian risk: OECD

(31 May 2018, AFR, p3, by Jacob Greber)

Drivers of economic growth (OECD)

Drivers of economic growth (OECD)

‘The faltering property market and heavy household debt are the biggest risks to the nation’s rebounding economy, which is benefiting from a global growth spurt fuelled by US tax cuts and fiscal stimulus, says the OECD. In its latest outlook the Organisation for Economic Co-operation and Development reports that “fiscal policy is the new game in town”, with three-quarters of member nations stimulating their economies through increased fiscal spending and reduced corporate taxes.’

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