Australia Poorly Placed for Next Global Downturn, Deutsche Says
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Australia is poorly placed to respond to a global slowdown that’s probably not too far off given the duration of the U.S. economic upswing, says Deutsche Bank AG.
“The U.S. Federal Reserve doesn’t typically manage to engineer a soft landing once the unemployment rate has fallen through full employment,” Deutsche said in a research report Monday, noting the U.S. is likely past that point with a jobless rate at just 3.9 percent. “So the next global downturn is more likely to be a matter of when, not if.”