With softening business conditions and economic growth subdued, commercial property market sentiment remained negative in the September quarter
Insight
Global economy sluggish in late 2012 but signs of an upturn, that gathers pace through next two years. Financial markets strengthen reflecting “risk on” as confidence in global outlook strengthens in wake of central bank action. Emerging market economies will still drive global growth.
Global economy still sluggish in late 2012 but early signs of an upturn that gathers pace through next two years. Financial markets strengthen reflecting “risk on” as confidence in global outlook strengthens in wake of central bank action. Emerging market economies will still drive global growth. Australian economy to keep weakening in early 2013. Low CPI shifts balance of risks towards Feb rate cut while rising unemployment likely see more cuts (possibly May & August).
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Global & Australian Forecasts – January 2013 (PDF 426KB)
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