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Global & Australian Forecasts – January 2015
Moderate sub-trend global growth continues with a diversity of economic conditions. Falling oil prices should boost global activity, although the impact varies between oil exporting and importing countries. Unemployment to continue to deteriorate but peak lower (6.6%) and later (Q4 2015). > Read MoreMonthly Business Survey – December 2014
The survey again shows a patchwork economy with little-to-no momentum building. In December, conditions eased for the second successive month after October’s surprisingly strong result so they’re now a touch below the long run average. > Read MoreNAB Quarterly Australian Consumer Anxiety Index – Q4 2014
The Index fell for the second straight quarter, with lower levels of concern reported across all categories. According to NAB Chief Economist Alan Oster, the cost of living and government policy continue to be the single biggest causes of anxiety for Australians. > Read More> See AllAustralia & the World on two pages – December 2014
Global growth remained around 3% yoy in Q3, sightly below trend but it is expected to pick-up to 3½% in 2015 and 2016. Major differences in the strength of economic activity persist between regions with the US, India and China accounting for almost 2 ppts of forecast global growth. > Read More