It is happening
Craig James
CommSec
It is happening. Investment outside the mining sector is picking up, balancing the fall in spending by the mining sector. In other words the baton pass is happening. In fact investment outside mining and manufacturing rose by 10.4 per cent over calendar 2014, the fastest calendar year growth in seven years. And investment outside mining and manufacturing stands at record highs. Unfortunately the lift in non-mining investment is not sufficient as yet to cover lost spending by the mining sector. So business spending looks like continuing to be a weight on Australia's economic growth performance. And while the Reserve Bank could cut rates again, it is far from certain that this would have a measurable impact in further lifting business spending.
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I am married with three children (all in their 20s) and currently live in Huntleys Cove in the inner west of Sydney. Chief interest is athletics and trying to keeping up with the children.My current role is Chief Economist, Commonwealth Securities, interpreting big picture economic and financial trends for customers, clients and staff. Previously I was Chief Economist at Colonial and have worked at the Australian Financial Review as a senior writer.As well as providing presentations to staff and clients and commentaries on financial and economic trends, I appear regularly in the electronic and print media.I have worked in banking, finance and journalism for 38 years.I hold both Bachelor and Master degrees in Commerce (Economics). Both degrees were undertaken at University of NSW. I am an Adjunct Professor at Curtin Business School in Perth.
Craig James
Chief Economist
CommSec
I am married with three children (all in their 20s) and currently live in Huntleys Cove in the inner west of Sydney. Chief interest is athletics and trying to keeping up with the children.My current role is Chief Economist, Commonwealth...
Expertise
No areas of expertise
Craig James
Chief Economist
CommSec
I am married with three children (all in their 20s) and currently live in Huntleys Cove in the inner west of Sydney. Chief interest is athletics and trying to keeping up with the children.My current role is Chief Economist, Commonwealth...
Expertise
No areas of expertise
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