This week the IMF warns of secular stagnation while Moody’s ponders a credit downgrade for Australia if GST and negative gearing are not tackled.
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Expect the higher dollar to put strong downward pressure on already low interest rates.
Once again the US-AUD exchange rate has monetary policymakers worried.
Both the US and Australia face a global economy that is in deep, deep trouble.
This week: a range of confidence measures, from not great to interesting for Australia; ECB confirms negative rates and further stimulus.
This week: the Australian economy exceeds expectations, while China continues to worry. RBA Governor Glenn Stevens has reason to smile, Janet Yellen less so.
There is more uncertainty in financial markets, an improving labour market in Australia (despite a monthly blip in January) and the US, but no sign of much growth.
The economic news of the week wasn’t that bad - but there’s still plenty of timid types around.
This week delivered more evidence that advanced economies are suffering from secular stagnation, hampering any real growth.
