A bad time for households to tighten the purse strings

Growth continues to be driven largely by resource exports, leaving the economy vulnerable to the whims of China. Household consumption is needed to support growth, but the outlook is far from pretty.

Real wages are declining and budget cuts are imminent; consumer confidence is still weak and unemployment remains elevated. The outlook for household spending is beginning to look downright ugly and that leaves us particularly vulnerable to risks in China.


SMS Code Sent…

Hi {{ user.FirstName }}

Looks like you've already taken a free trial

Please enter your payment details

We have sent you a code via SMS to {{user.DayPhone}}

please enter this code below to activate your membership

If you didn't receive SMS code please

Looks you are already a member. Please enter your password to proceed

Please untick this box when using a public or shared device

Verify your mobile number to unlock a FREE trial

Please sign up for full access

Updating information

Please wait ...

  • Mastercard
  • Visa

Related Articles