Aussie commodity forecaster loses its head

Tuesday 1 October 2024

Since MB drove BREE, the old and inept Australian government commodity forecaster, out of business, the Office of the Chief Economist took over the job and has done much better.

BREE was always far too bullish and OCE has been much more realistic.

However, its latest update is not so good.

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About the author

David Llewellyn-Smith is Chief Strategist at the MB Fund and MB Super. David is the founding publisher and editor of MacroBusiness and was the founding publisher and global economy editor of The Diplomat, the Asia Pacific’s leading geo-politics and economics portal. He is also a former gold trader and economic commentator at The Sydney Morning Herald, The Age, the ABC and Business Spectator. He is the co-author of The Great Crash of 2008 with Ross Garnaut and was the editor of the second Garnaut Climate Change Review.