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'Dr Doom' warns of 20% Australi...

'Dr Doom' warns of 20% Australian dollar slump

The slowdown in China and a tighter federal budget will drive Australia's growth as low as 2 per cent next year, allowing interest rate cuts and a 20 per cent devaluation in the Australian dollar, according to a prestigious global forecaster.

The slowdown in China and a tighter federal budget will drive Australia's growth as low as 2 per cent next year, allowing interest rate cuts and a 20 per cent devaluation in the Australian dollar, according to a prestigious global forecaster.…

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