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Category Archives: World economics
Australian economy and the outlook
So is the Australian economy looking good or bad? What you believe the answer to be depends on who, or what newspaper, you read. If you think that the economy is in great shape and going to expand, you could … Continue reading
Markets down on Greece worries
A sharp fall in the stock market this morning as investors lose confidence and are concerned about the future. The impact of a Greek default, Euro exit and implications for European and world growth are the factors. We don’t know … Continue reading
Summer in Europe
With a sense of deja vu it is approaching summer in Europe and a re-run of 2011 as Greece once again looks like defaulting and the markets are in retreat. The difference this time around is that the markets start … Continue reading
Posted in Europe, Greece, USA, World economics
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A$ falls again on Greece worries
So all the headlines last week about the A$ being a safe haven currency turn out to be rubbish, as funds exit the A$, and our dollar is trading lower at about US$0.992 The stock market is falling too, and … Continue reading
Posted in Australian economy, World economics, Europe, Greece
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Reality TV: it’s the Euro show again
So, after a break, Europe is hitting the headlines again as the debate about Greece leaving the Euro, and even the EU, intensifies. Without an elected government, Greece cannot ratify the IMF conditions, and seems to have less will to … Continue reading
Economic outlook under scrutiny
We start a week leading up to the Federal Budget with the economic outlook and interest rates under scrutiny, and a cloudy world outlook as France elects a socialist leader and the result of the Greek elections is awaited. The … Continue reading
Euroland housing mortgage demand falls
As we sit here wondering if Australia can do better than a slow 2.5% expansion in the economy, spare a thought for Europe which, after a brief sunrise, is now heading downhill again. A report by Jeffries International shows that … Continue reading
Posted in Australian economy, Housing, World economics, Europe
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Australian economic overview
The Australian economy has slowed in the past year despite the mining boom, but according to the IMF it is likely to improve in the coming year. The Propell economic overview was published today and is available from the link … Continue reading
IMF upgrades growth forecasts
Overnight the IMF has upgraded its world growth forecasts by 0.2%, now forecasting world growth of 3.5% in 2012 and 4.1% in 2013. For Australia, the IMF forecasts improved growth of 3.0% for 2012 and 3.5% for 2013 as the … Continue reading
Posted in Australian economy, World economics
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Economy gets tougher
Things have been unusually quiet on the economic news front over the past week, apart from the news from Queensland of the dramatic change in politics as the LNP wipes out Labor. Internationally not much happened – the best that … Continue reading
