The recent weakening in global trade analysed

http://www.smh.com.au/business/the-economy/a-return-to-world-trades-glory-days-appears-unlikely-20170714-gxb7ik.html For two decades from the mid 1980’s, world trade grew at more than double the rate of growth in gross world product World trade: exports + imports Between 1986 and 2007, the volume of world trade grew at an average annual rate of 3.4% of world real gross domestic product. This means that it…… Continue reading The recent weakening in global trade analysed

Investor loans fall to lowest level in 12 months

http://www.smh.com.au/business/the-economy/investor-loans-fall-to-lowest-level-in-12-months-as-banks-react-to-tighter-apra-regulations-20170711-gx8rlv.html Tighter APRA regulations have pushed investors out of the housing market and given leeway to first-home buyers Business conditions also reached a multi-year high in June according to a National Australia Bank business survey, echoing back to pre-global financial crisis levels ABS figures: home loans to investors as a proportion of all loans dropped…… Continue reading Investor loans fall to lowest level in 12 months

China’s slowing productivity

https://www.bloomberg.com/news/articles/2017-07-13/this-is-china-s-real-economic-problem China’s GDP expanded 6.9% in the first three months of 2017, the fastest rate since the third quarter of 2015 However, total factor productivity, which grew on average of 2.7% a year from 1998 to 2007, has grown almost zero % since. By contrast, the US productivity growth has fallen from 1% to 0.5%…… Continue reading China’s slowing productivity

July Monetary Policy Decision

  Cash rate to remain at 1.5% Broad-based pick-up in global economy continuing; labour markets tightening in many countries; forecasts for global growth have been revised up wards from last year. China: while growth is being supported by increased spending on infrastructure and property construction, high levels of debt continue to present a medium-term risk…… Continue reading July Monetary Policy Decision

WTO records moderate rise in G20 trade restrictions

https://www.wto.org/english/news_e/news17_e/trdev_29jun17_e.htm WTO’s 17th monitoring report on G20 trade measures, issued on 30th June, shows that trade restrictions in G20 economies have risen at a moderate rate similar to that of previous years A total of 42 new trade-restrictive measures were applied by G20 economies between October 2016 and May 2017, including new or increased tariffs,…… Continue reading WTO records moderate rise in G20 trade restrictions

‘Manufacturing: A Moment of Opportunity’ is manufacturing poised for a recovery?

https://www.theguardian.com/business/2017/jun/21/australias-manufacturing-industry-on-rebound-report-says Report says Australian manufacturing jobs have swelled by 40,000 in the past 12 months, the second-largest number of new jobs created in any industry – and productivity has returned to near its previous peak Since 2008, manufacturing sector’s real output has declined by 13% (compared to its pre-financial crisis peak), and employment by a…… Continue reading ‘Manufacturing: A Moment of Opportunity’ is manufacturing poised for a recovery?