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The Organisation for Economic Cooperation and Development (OECD) has asked Australia not to underestimate negatives risks inherent in the global economy, despite the positive outlook experienced in our financial markets. Rising confidence and more favourable international trade conditions may lead to more buoyant demand that needs a more rapid rise in interest rates, according to [...]
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Economic recovery in the USA yields plenty of opportunity to Australia exporters, according to Austrade’s regional director for the Americas, Grame Barty. “It’s not only the scale of the relationship which makes the US important, but also the range of sectors it encompasses and the depth of the integration of our commercial links,” said Barty. [...]
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The global credit crisis is at its end, according to international credit agency Coface. The organisation’s 14th Country Risk Conference this week saw 20 upgrades to country ratings, indicating improvement in the commercial credit sector. A release by the agency stated: “Since the second half of 2009, Coface has recorded a net reduction in payment [...]
...read moreAustralia will continue to ride Asia’s “stellar growth”, predicts the latest HSBC Research report, Asian Economics First Quarter 2010: They say it may get bumpy. Written by Frederic Neumann and Robert Prior-Wandesforde, the report’s overview of Australia’s economic performance is glowing: “The Australian economy has elegantly side-stepped the global slump with a mixture of decisive [...]
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Recent estimates of the UK’s gross domestic product show that the besieged nation may have finally emerged from its recession. According to the National Institute of Economic and Social Research, there was 0.3 percent rise in GDP in the December quarter. This follows a rise of 0.2 percent in the three months to November 2009. [...]
...read moreResearch conducted by world bank HSBC has shown that emerging markets are most likely to lead the global economic recovery. The HSBC Emerging Markets Index (EMI) indicates a shift from West to East in economic growth. “As the world’s economic centre of gravity shifts from West to East, the economic strength of emerging markets will [...]
...read moreThe Organisation for Economic Cooperation and Development (OECD) has attributed the ‘surprising’ speed of the world’s economic recovery to China, Asia and the USA. While Asian economies are driving the majority of the growth, the OECD also noted the USA’s unexpectedly strong rebound. However, it warned that the growth needs to be made sustainable after [...]
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The European Commission has predicted a ‘gradual’ recovery for Eurozone countries over 2010 and 2011. Its autumn economic forecast stated: “A gradual recovery is expected with gross domestic product forecast to grow by 0.7 percent in 2010 and around 1.5 percent in 2011.” This compares well to their earlier forecast of a 0.1 percent fall [...]
...read moreThe International Monetary Fund (IMF) has encouraged the USA and Europe to continue with their financial stimulus measures until unemployment in under control. IMF managing director Dominique Strauss-Kahn said it might take up to 12 months for recessionary pressure to truly recede. “There are some encouraging figures, a few months ago from European countries and [...]
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The International Monetary Fund (IMF) has raised the forecast for Asia’s economic growth but says it may not be sustainable due to its continued reliance on the rest of the world, particularly consumer demand in the USA and Europe. Governments in the region have successfully stimulated their respective economies and global trade has lifted, giving [...]
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