Paul Bloxham: HSBC chief economist on whether the 'Australia dream' is fading
Over in Australia, unemployment is on the rise and wages haven't kept up with inflation, leaving many to wonder if the trans-Tasman dream is at risk.
The Australian unemployment rate has reached 4.7 percent, and one expert has warned the nation is on track to have the largest increase in unemployment in the developed world over the next year.
HSBC chief economist Paul Bloxham says disposable incomes haven't risen - and Australia's in a 'challenging' spot.
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