A bad economic signal for Australia? - Seedready (Australia)

A bad economic signal for Australia?

Thursday, 21 November 2013 16:26
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Bad economic signs forcast Australia

Really? Many people are still in positive thinking. However, Australia's carbon tax and the global economic environment causes many global company leave Australia and local company move their tasks offshore for lower down their operation course. On the other hand, the residential and real estate price never stop growth and only Telstra, banks and i-banks are recorded profit last year.

Local SME are making a small profit, but not from the old day that easy, and it will be getting harder in the future. It looks like sunny, but actually the storm is coming on its way, which is hard to forecast. Let's have a look from other firms analysis.

There are two references from ABC Radio and NAB, which are good to know.

According ABC Radio (Australia) , Almost all the major indicators show Australia's economy is getting worse, yet there's been a surprise jump in business confidence. Two surveys released today reveal that businesses think the change of government and the falling Australian dollar will deliver stability and growth this year. But the optimism could soon be spoiled by a reminder of economic reality. (link)

Referring to NAB (National Australia Bank) - Global and Australia Forecasts, Global upturn continues and forecasts little changed - but growth momentum has slowed a touch through mid-2013. Composition of global growth still shifting toward advanced economies with mixed trends in emerging markets. Australian business confidence jumps to 31⁄2 year high (mainly on politics) but activity still subdued. Outlook unchanged with below-trend GDP growth still expected in 2014 and unemployment rising to 63⁄4% by end 2014. RBA on watch till early 2014 when rising unemployment and falling inflation force another cut. No rate increases until 2015. (link)

Any, running businesses are always in risk, when a business overcome the risk that will become the most successful stories and win. Good luck to the market November onward.

Reference and Source:

The very nice heading image is from Realestateinfo.

Read 3522 times Last modified on Monday, 20 April 2015 16:16

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