Mr Oster worked at the federal treasury prior to NAB.

No recession for Australia: Oster

NAB chief economist Alan Oster predicts the start of production at the swag of new LNG facilities under construction, and good performance in the services sector, will help Australia avoid a recession next year.


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It is my understanding that economists have a very poor record at predicting recessions. Google the analysis of economists and set your custom date range so that you cannot see any entries after 2007. Do that and you quickly find that near none of them had the remotest clue about the severe recession that was just around the corner?

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