Australia is now highly vulnerable to economic shocks, because the economy is structurally imbalanced towards the finance sector and non-tradable services, warns economist Dr Peter Brain. Peter Westmore reports.Unless Australia’s economic direction is reversed, the country faces the possibility of a “severe correction” by 2010, a leading economist has warned.Economist and author Dr Peter Brain, who is executive director of the National Institute of Economic and Industry Research (NIEIR), gave a …
