Australian Election Neck-and-Neck

The transcript discusses the unexpected tight race in the Australian election, with the coalition trailing the Labour Party. Malcolm Turnbull, the Prime Minister, is confident in forming a coalition government but faces challenges due to political uncertainty and criticism over his leadership. The markets may react to this uncertainty. Voter frustration has led to a rise in populist parties, similar to trends in Western Europe and the US.

What were the expectations regarding the election results compared to the actual outcome?

What challenges does Malcolm Turnbull face in forming a government?

How has the political uncertainty in Australia been influenced by external events like Brexit?

What are the implications of a potential coalition government for Australian politics?

What factors contributed to the decline in support for mainstream parties in Australia?