Australia needs China's economy to bounce back, but youth unemployment and low consumer confidence suggest it'll take time
Australia needs China's economy to bounce back, but youth unemployment and low consumer confidence suggest it'll take time
Australia is relying on its largest trading partner to bounce back, but China's youth unemployment figures and low consumer confidence are slowing down much-needed growth, suggesting a full recovery will take some time.
Ouch, 20% unemployment in China is rough. How tied to China's economic outlook do you think we're going to be in Oz?
Australia always needs to be weary on how much we tie ourselves to Chinese economy. It has burnt certain sectors when they haven’t diversified their trade partners enough in the past and china whacked on trade restrictions.
20% youth unemployment. It’s not a total figure, only a sector. The average urban unemployment rate is only around 5% as per the story.