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
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
https://www.economist.com/news/leaders/21724810-country-saves-too-much-and-spends-too-little-why-germanys-current-account-surplus-bad Germany’s trade surplus stood at $300bn last year, the world’s largest – trumping China’s $200bn Trade surplus: an excess of national saving over domestic investment Germany’s surplus is not the result of higher household saving, which has been stable, if high, for years; it is the result of an increase in national saving from…… Continue reading The implications of Germany’s Current-account surplus
https://www.rba.gov.au/publications/bulletin/2015/jun/pdf/bu-0615-2.pdf stronger growth in labour productivity has worked to contain growth in labour costs Declining wage growth reflects spare capacity in the labour market, a decline in inflation expectations, a lower terms of trade, and the need for the real exchange rate to adjust to improve international competitiveness. Decline in ToT and fall in mining…… Continue reading Why Is Wage Growth So Low?
http://www.rba.gov.au/monetary-policy/rba-board-minutes/2017/2017-04-04.html International economic conditions Global economic conditions have improved over 2017 Growth in industrial production has increased Business conditions in manufacturing and services sectors at high levels Significant increase in the growth of global merchandise trade volumes, driven by stronger demand from east Asia and the US Merchandise imports to some emerging markets has stopped…… Continue reading Summary of the April RBA monetary policy meeting
http://www.rba.gov.au/media-releases/2017/mr-17-07.html The RBA left the cash rate at 1.5% at its April meeting, due to the following reasons: Conditions in the global economy have improved, with both global trade and industrial production picking up. Growth in China, our largest trading partner, is being supported by higher spending on infrastructure and property spending – however medium…… Continue reading 2017 April- RBA leaves cash rate unchanged at 1.5%
http://www.smh.com.au/business/the-economy/unemployment-steady-at-59-in-march-20170413-gvk7ff.html Figures released by the ABS show that employment grew more than expected last month- but a rise in the participation rate kept unemployment steady at 5.9% Number of employed Australians grew by 60,900 in March, based on seasonally adjusted figures, while economists had predicted an increase of only 20,000 ABS said employment grew 0.14%…… Continue reading March employment statistics