Name
Siwei Goo Heather Ridout Shane Oliver Saul Eslake Brad Crofts Richard Robinson Chris Caton
Org
US GDP to Australian China GDP Australian June 2010 US GDP China Australian GDP 2009 China 2009 US GDP World GDP to (December to June GDP to GDP 2009 (December GDP 2009 (December 2009 GDP 2009 June 2010 June 2010 '08 2010 '08 forecast) '08 forecast) forecast)
ACCI AIG AMP Capital ANZ Bank AWU BIS Shrapnel BT Financial Business Council of Australia Michael Blythe Commonwealth Bank Damien Boey Credit Suisse Dun & Bradstreet David Colosimo Goldman Sachs JBWere Tony Cripps HSBC Australia Richard Gibbs Macquarie Group Peter Jones Master Builders Jakob Madsen Monash University, Economics Annette Beacher TD Securities Geoffrey Sims Telstra Neville Norman University of Melbourne John Quiggan University of Queensland Steve Keen University of Western Sydney Bill Evans Westpac
0.1 -0.4 -1 0 0.5 0 0
1.5 0.5 0.5 0.5 1.5 1.4 1.1
0.4 0 -0.9 0.3 n/a 0.2 n/a 0.5 0.5 -0.7 -1 n/a 0.4 1.2 0.5 -3 -0.6
0.4 2.2 -2 -2 2.2
1.9 2.5 1 -6 n/a 0.2
Average
-0.1
0.8
0.6
n/a
-0.5 0.9 0.7 0 0.5 0.5 1.8 n/a
1.5
7 7 7.5 7 7.5 7.5 7.5 n/a
1.2 3.5 n/a -0.1 2.2 -0.3 1.2 1.5 -1.5
0.5
1.6 1 0.5 flat
n/a 7.8 6.5 8.3 n/a 7.8 n/a 9.7 7 5.5 6.7 n/a 6.7 8.8 8
8 7 6 7.5 8 7.6 n/a 6.5 n/a 7 n/a 6.2
7.5 7 5
7.2
7 7.5 5 3 n/a 8.3
7.4
6.7
7.5 8.5 8.5 8.2 8
-3 -3 -2.5 -2.5 -2.5 -2.5 -2.8
8 n/a 8.2
-0.8 -1 -1.2 -0.8 -0.8 -0.6 -1.5 n/a
-3
-1.2 -1.5 -2 -0.8 -2 -1.9 -2.5
n/a 2.5 n/a
n/a -1
-1.5
n/a 5.75 11.1 8.7 8.5 8 4.5 7.5 7.5 9.6 8
0.5 1 1.9 -1.2 -1
n/a
-1.5 n/a
8
-3 -2.9 -1.9 -2.2 -3.5 -3.5 -2.8 -1.5 0.8 -3 -6 -3.1
-1.8 1.2 1.7 0.2 -1 -4
-1.2 1.1 -4 -5 -1.8
1.7 1.8 -3 -4 1.4
-2.9 -1.3 -1.9 -1.1 -1 -2.9 -1.9 -1.5 1.4 1 -5 -1.5
8.0
-2.7
-1.5
-0.2
-1.6
-0.8 n/a -0.8 -3 -2.5 flat
Name
Org
ACCI AIG AMP Capital ANZ Bank AWU BIS Shrapnel BT Financial Business Council of Australia Michael Blythe Commonwealth Bank Damien Boey Credit Suisse Dun & Bradstreet David Colosimo Goldman Sachs JBWere Tony Cripps HSBC Australia Richard Gibbs Macquarie Group Peter Jones Master Builders Jakob Madsen Monash University, Economics Annette Beacher TD Securities Geoffrey Sims Telstra Neville Norman University of Melbourne John Quiggan University of Queensland Steve Keen University of Western Sydney Bill Evans Westpac
World GDP Unemployment World 2009 CPI change GDP to rate at (December in 2009 December 09 June 2010 '08 forecast)
Siwei Goo Heather Ridout Shane Oliver Saul Eslake Brad Crofts Richard Robinson Chris Caton
Average
n/a
2.2 2 0 1.8 2.5 2.3 n/a 3.5 n/a 2 n/a 1
n/a n/a
1.5 2 0.7 1.2 -1 2.5 n/a 1.2
3.5 n/a 1.6 1 2
n/a 2.2 2.5 -2 -3 1.3 n/a 1.3
1.8% 2.0% 1.9% 1.8% 2.0% 2.4% 1.8%
1.6 1 -3 0.4 2 2.6 2 -4
0.9
7.0% 6.8% 7.0% 7.2% 6.5% 7.3% 6.7% n/a
1.8% 2.0% 3.0% 2.4% 2.0% 1.4% 2.0% 2.2% 1.3% 2.0% 2.8% 2.0% 0.5% 1.8% 0.0
Unemployment Budget in RBA Cash rate at Unemployment 09/10 rate at December 09 rate at June Surplus or Dec 2009 (Dec '08 2010 deficit? forecast) (billion)
n/a 7.0% 8.0% 6.5% 7.5% n/a 7.0% 7.5% 7.0% 6.8% 7.7% n/a 7.3% 6.9% 7.0% 8.0% 7.5%
5.30% 6.00% 7.00% 6.00% 7.50% 6.10% 6.00% n/a 5.80% 5.50% 6.00% 6.00% 6.00% 6.50% 6.90% 5.90% 7.50% 9.00% 5.70%
9.0% -$58.5 2.75% 7.8% -$55.0 2.50% 8.0% -$60.0 2.25% 8.0% -$30.0 2.50% 8.0% -$59.0 3.00% 7.9% n/a 2.50% 7.5% -$58.0 2.75% n/a n/a 7.0% -$50.0 2.75% 8.0% n/a 3.25% 7.3% n/a n/a 7.6% -$54.0 3.00% 6.5% -$57.5 3.00% 8.0% -$57.6 2.50% 7.5% -$55.0 2.75% 7.5% -$30.0 3.00% 8.0% -$60.0 2.25% 7.9% -$62.0 2.75% 7.1% -$18.0 3.75% 7.5% -$50.0 2.50% 12.0% -$50.0 2.00% 7.9% -$58.0 2.50% -51.3
RBA Cash RBA Cash rate at rate at Dec June 2010 2009 (Dec 08 forecast) Siwei Goo ACCI 3.00% 3.00% Heather Ridout AIG 3.25% 2.75% Shane Oliver AMP Capital 2.50% 3.50% Saul Eslake ANZ Bank 3.50% 2.50% Brad Crofts AWU 3.00% 3.00% Richard Robinson BIS Shrapnel 3.50% 2.50% Chris Caton BT Financial 4.00% 2.50% Business Council of Australia n/a n/a Michael Blythe Commonwealth Bank 3.25% 2.75% Damien Boey Credit Suisse n/a 3.75% Dun & Bradstreet 3.25% n/a David Colosimo Goldman Sachs JBWere n/a 4.00% Tony Cripps HSBC Australia 3.50% 3.00% Richard Gibbs Macquarie Group 2.50% 2.50% Peter Jones Master Builders 3.00% 3.00% Jakob Madsen Monash University, Economics 4.00% 3.00% Annette Beacher TD Securities n/a 2.00% Geoffrey Sims Telstra 3.75% 2.75% Neville Norman University of Melbourne 5.00% 5.50% John Quiggan University of Queensland 1.00% 2.50% Steve Keen University of Western Sydney 0.25% 0.50% Bill Evans Westpac 2.75% 2.50% Name
Average
Org
Size and direction of next move -0.25 -0.25 -0.25 -0.25 no move -0.25 -0.25 n/a -0.25 no move n/a n/a -0.25 -0.25 -0.25 no move -0.25 -0.25 -0.25 -0.25 -0.25 -0.25
10-yr Gov't bond yield at December 2009 5.80% 5.50% 5.00% 5.25% 5.50% 5.70% 5.60% n/a 5.20% 5.50% n/a 5.50% 5.10% 5.00% 5.50% 6.70% 4.95% 5.40% 7.20% 6.00% 5.00% 4.75%
USD/AUD at Dec 09
n/a
n/a
n/a
USD/AUD YEN/AUD EUR/AUD YEN/AUD EUR/AUD at June at June at June at Dec 09 at Dec 09 2010 2010 2010
78 79 80 74 78 74 80 n/a n/a 84 80 n/a 77 75 80 70 75 76 81 84 90 n/a 74 78.4
80 73.45 76.32 58.66 80 78 82 60 82 80 85 58 75 75 80 59 75 80 75 55 74 n/a n/a n/a n/a 78 n/a 58 n/a n/a n/a n/a n/a 89 88 102 59 85 n/a n/a n/a n/a n/a n/a n/a n/a 77 77 77 55 80 70 75 53 77 79.2 77 59 75 75 70 70 50 78 69.9 74.1 51 84 n/a n/a 58 81 82 80 58.5 90 80 80 50 n/a n/a n/a n/a 80 68 79 54 79.8
76.6
79.5
56.0
52 62 60 61 50
61
55 53 57 50 53 59.5 57 50 56 55.8
Name
Siwei Goo Heather Ridout Shane Oliver Saul Eslake Brad Crofts Richard Robinson Chris Caton
Org
ACCI AIG AMP Capital ANZ Bank AWU BIS Shrapnel BT Financial Business Council of Australia Michael Blythe Commonwealth Bank Damien Boey Credit Suisse Dun & Bradstreet David Colosimo Goldman Sachs JBWere Tony Cripps HSBC Australia Richard Gibbs Macquarie Group Peter Jones Master Builders Jakob Madsen Monash University, Economics Annette Beacher TD Securities Geoffrey Sims Telstra Neville Norman University of Melbourne John Quiggan University of Queensland Steve Keen University of Western Sydney Bill Evans Westpac Average
S&P/ASX Dow S&P/ASX 200 at S&P/ASX FTSE 100 FTSE 100 Nikkei 225 Dow Jones at Dow Nikkei 225 200 at at Dec at June at June Dec 2009 200 at Jones at Dec 2009 Jones at at Dec 09 Dec 2009 (Dec 08 June 2010 Dec 2009 (Dec 08 June 2010 2009 2010 2010 forecast) forecast) 4200 n/a
4300 n/a
4500 n/a
4500 n/a
4000 n/a
4750
4500
4200 4250 4500 n/a n/a
10000
8900
4500
8500
9900
4047.6
n/a
4500 3000 2500 4150
4560 4500 4380 4500 3000 4500 4350 5200 4200 2500 4200
4025.5
4364.1
3800 4431 n/a 3200 n/a n/a
11500
9200
n/a 8600
n/a n/a
n/a
n/a n/a 6500 9000 n/a n/a 9300 8500 7000 n/a 8677.3
n/a 9200
n/a
n/a
n/a
n/a
n/a
4000 4370 3900 4190 4000 3200 3800 4100 4650 4100 3000 3850
n/a
n/a
n/a 4650 5500 n/a
n/a
n/a
n/a
n/a 4700
9600
4500
4750
8900 n/a
n/a
n/a
n/a
8950 n/a
n/a
n/a
n/a
4400 n/a
n/a 9500 n/a n/a 9000 n/a n/a 8000 n/a 8800 8800 6000 n/a 8927.3
9100 n/a n/a 10080 n/a 9500 n/a 10600 n/a 9500 n/a n/a n/a n/a 9400 n/a n/a 6500 10800 n/a 10250 8500 6000 n/a 9111.8
n/a n/a 4800
9590 n/a 5040
n/a 4400
4400
4600
11000
5000
4200
10500
4700
4000 4600 n/a
9800
n/a
8000 11880 n/a
11000 11000 8000 n/a
4506.7
10500 n/a n/a
8000 9900
4900 4000 3000 n/a
11250 n/a n/a n/a n/a n/a
n/a n/a 4000 5520
4500 4000 4000
11500 n/a
n/a n/a n/a n/a n/a
n/a n/a
11550 n/a
n/a
n/a n/a n/a n/a n/a
4344.4
11000 n/a
n/a
10400 n/a
11500 11000 8000 n/a
9979.0
10558.0
Name
Siwei Goo Heather Ridout Shane Oliver Saul Eslake Brad Crofts Richard Robinson Chris Caton
Org
Terms of Terms of trade at trade at Dec 09 June 2010
ACCI -12.0% 1.5% AIG -10.0% -15.0% AMP Capital -18.0% -5.0% ANZ Bank -2.2% 0.8% n/a AWU -12.0% -4.0% BIS Shrapnel -18.9% -6.6% n/a BT Financial -16.0% -4.0% n/a Business Council of Australia n/a n/a n/a Michael Blythe Commonwealth Bank -8.8% 6.0% Damien Boey Credit Suisse n/a n/a n/a Dun & Bradstreet n/a n/a n/a David Colosimo Goldman Sachs JBWere -25.00% -5.00% Tony Cripps HSBC Australia -15.0% -15.0% Richard Gibbs Macquarie Group -10.0% -13.3% n/a Peter Jones Master Builders -10.0% -1.0% Jakob Madsen Monash University, Economics -15.0% -15.0% Annette Beacher TD Securities -4.0% -0.5% Geoffrey Sims Telstra -20.3% -0.9% n/a Neville Norman University of Melbourne -2.5% 3.5% -20.0% -20.0% n/a John Quiggan University of Queensland -10.0% -20.0% Steve Keen University of Western Sydney -21.6% -10.2% Bill Evans Westpac Average
$650 $695
Net foreign debt at Dec 09 (Dec '08 forecast) $756 $720 $720 $675 $706 n/a n/a n/a $685 n/a n/a n/a $706 n/a n/a $700 n/a n/a $710 n/a $750 $693
$699.8
$711.0
Net foreign debt at Dec 09 $690 $694 $710 $710
$692
$717 $695 $750 $710 $680 $705
Current Current Net account account foreign balance at balance at debt at Dec 09 June 2010 June 2010 (billion) $729 $710 $735
-$51.8 -$20.0 -$55.0 -$41.0 -$35.0 -$52.0 -$42.0
n/a $735 $764 n/a n/a
n/a $708
n/a n/a
n/a -$41.3
n/a n/a $748 $715
-$54.6 n/a n/a
-$53.2 -$42.0 -$17.2 -$40.0 -$60.0 -$37.0 -$46.3 -$34.0
n/a $755 $760 $682 n/a $725 n/a
-$72.6 -$10.0 -$50.0 -$57.0 -$60.0 -$59.3 -$55.0
n/a
-$68.4 -$44.0 -$17.0 -$45.0 -$65.0 -$56.0 -$51.6 -$40.0 n/a
$675 $712
-$40.0 -$46.0
-$30.0 -$66.0
$725.2
-$41.9
-$50.1