by Stephen Roberts | May 27, 2014 | Economic Weekly, Laminar Economist Stephen Roberts
Our monthly roundup of global and local economic data and events indicates that the global economic growth is starting to accelerate again after a softer patch in Q1 2014. The weakness in global growth in the early months of 2014, however, came at a time when labour resources in most economies were still substantially underutilized causing financial markets to reassess how quickly major central banks might start to reverse the very accommodating monetary conditions prevalent in most major economies since the global financial crisis. Market expectations of when official interest rates set by central banks might start to increase have been pushed out many months in some cases, although there are also a small group of economies where monetary policy tightening has already started such as New Zealand in our part of the world.
For the full article click the link below.
Read more...
by Cameron Rae | May 22, 2014 | Market Commentary, Media, Video
Laminar’s Chris Black shares his economic insight on Sky Business News, Your Money Your Call. Read more...
by Stephen Roberts | May 19, 2014 | Economic Weekly, Laminar Economist Stephen Roberts
To listen to this week’s Podcast giving a more comprehensive view, click the read more link below.
The list of those who feel they have been hurt by Budget 2014 is a long one and is providing many points of focus for the Opposition and the minor parties in the Senate to keep much of the budget legislation in limbo for many months to come. Because many of the more contentious budget initiatives are not timed to be implemented until 1st July 2015 and some not until 2017 for new pension indexation arrangements, the Government is not under great pressure to push legislation through particularly quickly. In short, the Budget and all of the community grumpiness surrounding it, depressing consumer sentiment and probably business sentiment too, may be with us for a protracted period. The RBA is likely to be watching closely and trying to assess the consequences both of how the Budget is likely to impact economic growth prospects if passed as it stands, but also the consequences of a protracted political bun-fight over the passage of the Budget legislation.
For the full article click the link below.
Read more...
