2015 is not starting well for Australia It's early days, to be sure, but 2015 has not kicked off well for the Australian economy. Commodity prices are...

Stephen Koukoulas

Market Economics Pty Ltd

2015 is not starting well for Australia It's early days, to be sure, but 2015 has not kicked off well for the Australian economy. Commodity prices are cascading lower, retail spending is subdued, the government remains hell-bent on cutting spending / increasing charges which is not good news for household consumption spending, global bond yields have fallen to levels never before seen and the Australian dollar has remained firm after the free-fall of 2014. The problems in the economy have shown up in market pricing for interest rates where rate cuts are now seen likely. Two 25 basis point cuts are priced in as investors try to anticipate a policy response to these escalating problems for Australia. The full article is here: (VIEW LINK)


Stephen Koukoulas
Chief Economist
Market Economics Pty Ltd

Stephen Koukoulas has a rare and specialised professional experience over more than 25 years as an economist in government, as Global Head of economic and market research, a Chief Economist for two major banks and as economic advisor to the Prime...

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