The world began 2020 much as it ended in 2019. There was growing optimism in the global economy with expectations that the US and China had ‘buried the hatchet’ on trade disputes and the United Kingdom would be exiting the European Union (EU) in a less disruptive fashion. This optimism lasted until February.
The trade war between the United States and China continued during the September 2019 quarter as the US imposed new tariffs on goods imported from China.
Slow economic growth is a global theme, with few exceptions. The Australian economy is not immune to this slowdown.
Economic outlook Spring 2018 International share markets experienced major fluctuations during the June quarter owing to ongoing trade-tariff tensions. The Australian economy grew strongly, driven by strong Government spending on infrastructure and increased demand for Australian mining exports. International shares International shares swung between strength… Read More >>
Australian companies reported their half-year financial results during the quarter, exceeding expectations despite global economic headwinds. Companies leveraged to housing and the consumer market fared best, reinforcing the moderating concerns associated with the property market and the view that share market weakness can be mainly… Read More >>
Reports of record-breaking sale prices, high auction clearance rates and Glenn Stevens, governor of the Reserve Bank of Australia (RBA), talking of ‘crazy’ house prices has greatly inflated the housing bubble debate. House prices are one of the most popular economic topics because many people… Read More >>