In its recent report, ANZ argues that the NSW recovery will grow at an above average rate and play a central role in leading the national economy in its...

Livewire News

Livewire

In its recent report, ANZ argues that the NSW recovery will grow at an above average rate and play a central role in leading the national economy in its transition to stronger non-mining growth over the coming years. In recent months, the NSW economy has shown signs of genuine recovery and is currently outperforming the rest of Australia. This comes after a decade of underperformance, with its share of national output slipping 4 percentage points to 31% in 2012. Significantly, in the graph above, ANZ illustrates the correlation that exists between the US business cycle and the NSW economy. It concludes that a strong relationship exists due to linkages related to financial markets, financial services and the headquartering of multinational firms in Sydney. Importantly, ANZ's analysis suggests that although China is increasing its influence on the national economy, the US economy remains a major driver of the NSW cycle. (VIEW LINK)


2 topics

Livewire News
Livewire News
Livewire

Livewire News brings you a wide range of financial insights with a focus on Global Macro, Fixed Income, Currencies and Commodities.

Expertise

No areas of expertise

I would like to

Only to be used for sending genuine email enquiries to the Contributor. Livewire Markets Pty Ltd reserves its right to take any legal or other appropriate action in relation to misuse of this service.

Personal Information Collection Statement
Your personal information will be passed to the Contributor and/or its authorised service provider to assist the Contributor to contact you about your investment enquiry. They are required not to use your information for any other purpose. Our privacy policy explains how we store personal information and how you may access, correct or complain about the handling of personal information.