ABC News Australia published an article examining economist Charles Goodhart’s recent warning that the coming decades could be “very difficult”. The article draws on Goodhart’s interview with Peter McCormack podcast, where he discussed long-term economic trends including demographic change, falling interest rates, housing affordability, taxation, inflation and growing political polarisation.
Charles Goodhart, co-founder of the Financial Markets Group, argued that the unusually prosperous period from 1950 to 2020 is unlikely to return in its previous form and that governments will face difficult fiscal and economic challenges in the decades ahead.
