Bernard Salt, KPMG Demographer - Talking Business 2014 Ep 15

Plus: Interview with economist Saul Eslake

Interview with Bernard Salt
Interview with economist Saul Eslake
Leon and Garry discuss issues including:
· Tips that Russia could slide into recession in the second quarter of 2014 after the economy contracted by around 0.5 per cent in the first three months of the year. At the same time, Japan's trade deficit quadrupled on-year in March to $US14 billion as a weak yen pushed up post-Fukushima energy bills and other import costs.

· The number of households dipping into their savings is at a near 20-year high and the proportion of households drawing on their savings in March reach levels we've never seen in the last 20 years

· Tips that the pension age will be pushed out to 70 in next month’s budget and may come into effect as early as 2029 under a razor-gang proposal to accelerate Labor’s plan to raise the pension age from 65 to 67

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RMIT University
Russia, recession, work, industries, budget, government, election, Russia, recession, Japan, deficit, pension