On Wednesday 27 February, 65 Somerset College Economics students joined 260 students from other Gold Coast schools to listen to the Reserve Bank of Australia talk about the Australian economy. In January 2018 at this very same seminar, the RBA made some predictions about what would transpire in the Australian economy throughout 2018.
We have listed each of the RBA’s 2018 predictions below, and indicated whether they were right or wrong based on the information provided to us at the 2019 seminar.
So the question is, “Should you trust an economist”? We certainly think so!
A big thank you must go to Mr Oman, Mr Evans, Mr Moore and Mr Juniper for organising the day.
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