Global economic expansion continued in May led by advanced industrial countries such as the United States (US) and notwithstanding the worsening pandemic in much of Asia. Rising demand is testing production supply bottlenecks resulting in higher producer prices...
Australia has experienced a strong and quick recovery from the 2020 recession. The Q1 2021 GDP report due next week will see annual y-o-y GDP growth enter positive territory from –1.1% in Q4 2020 and a low-point –6.3% in Q2 last year. How far annual growth moves into...
We wrote last week about the well-fed boom, prospective Australian GDP growth roaring along at 4%+ annual growth pace over the next year or two and still on a rich diet of low official interest rates and more government spending. There is an increasing risk that the...