by Stephen Roberts | Jan 27, 2015 | Economic Weekly, Laminar Economist Stephen Roberts
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In January international agencies such as the OECD and World Bank downgraded their 2015 global growth forecasts to 3.5% and 3.0% respectively, mostly because of continuing soft European growth and concern about the impact of lower commodity prices on developing country producers. Interestingly both agencies upgraded their 2015 growth forecasts for the world’s biggest economy the United States, making the downgrades for global growth a little quirky.
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by Stephen Roberts | Jan 19, 2015 | Economic Weekly, Laminar Economist Stephen Roberts
To listen to this week’s Podcast giving a more comprehensive view, click the read more link below.
After discussing last week the fine line between a ‘glass half full’ view of Australian economic prospects and a ‘glass half empty’ view, the latest employment and job vacancy data imply intriguingly that the economy is growing more strongly than all forecasters have allowed. If job vacancies continue to expand at the pace indicated in the latest monthly ANZ job advertisement series, up another 1.8%, or in ABS quarterly job vacancies survey, up another 2.6% in the three months to November 2014 to the highest level in two-years, employment growth may be sufficient to reduce Australia’s unemployment rate through 2015. Rising employment and a falling unemployment rate will in turn start to accelerate household income growth and growth in household spending. Business confidence will improve and non-mining investment spending will grow more strongly and the economy grows above long-term trend, even in the face of falling mining investment spending.
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by Cameron Rae | Jan 15, 2015 | Uncategorized
The Fund returned 0.64% over the month of December, delivered 1.80% for the previous three months and 9.04% over the past 12 months. The Net Asset Value (NAV) of the Fund, as at 31 December 2014, was $53.2 m2 and the ex-redemption price was 1.3454063. The Fund paid a... Read more...
