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Dr Sam Wylie on the impact of recession in Australia
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Dr Sam Wylie is a Senior Fellow of the Melbourne Business School. His research and consulting is focused on the investment management and hedge fund industries, especially performance measurement and incentives.
He was an Assistant Professor at the Tuck School of Business from 1997-2004 and between 1986-1992 he was an Intelligence Officer with the Australian Security Intelligence Organisation (ASIO).
Dr Wylie obtained his PhD from the London Business School. He also has a Master of Economics degree from the Australian National University and a Bachelor of Engineering degree from the University of Western Australia.
Dr Sam Wylie says that IMF predictions of a growth phase in the world economy in 2010 are off the mark, and says Australia should expect a long but shallow recession.
"The financial crisis is going to take between $40-$60 billion out of Government revenues. We should expect to see big defecits in Australia, with total government debt around $200 billion at the end of 2012, where at the moment its about $50 billion."
