Westpac Economics Weekly Update

Elliot Clarke

This week, global data remained underwhelming, with soft housing data in the US and weak trade data in China. However, both results have more to do with volatility than a further deterioration in momentum. Meanwhile, markets drew support from the cautious tone of policy makers in Europe and the US, with risk assets posting a solid rebound from last week's lows. In Australia, the January labour force data gave the RBA pause for thought as the unemployment rate rose back to 6.0%.


Elliot Clarke

An Economist based in Sydney Australia with a particular interest in macro-financial analysis of the Australian and global economy. Having spent a number of years with the Reserve Bank of Australia and Westpac Economics, monetary policy, the...

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