Japanese GDP statistics for the second quarter missed expectations but do highlight (along with the GDP numbers from the US, the UK and China in recent days)...

John Robertson

PortfolioDirect

Japanese GDP statistics for the second quarter missed expectations but do highlight (along with the GDP numbers from the US, the UK and China in recent days) the tendency toward a more stable global growth environment. At a global level, the current pace of growth is consistent with only minimal growth in raw material demand. An end to growth downgrades will be a necessary next step in having investors believe that forecasts of an acceleration (and improved demand for raw materials) can be achieved. Without that, resources sector investments go nowhere. The evolving growth picture looks to be moving in the right direction. There will be more to digest on this point later in the week when Germany and other EU members release their second quarter GDP estimates.


John Robertson
John Robertson
PortfolioDirect

John Robertson is Chief Investment Strategist for PortfolioDirect a provider of resource sector investment stock ratings and portfolio strategies for mining and oil and gas investors. He has worked as a policy economist, corporate business...

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.