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We’ve spent the past few months focused on the US, but with the end of the year fast approaching it seems like a good time for an update on Australia.
 
This week we will see the release of Australian GDP numbers, which we expect will have stagnated in the third quarter. However, a soft GDP report will go some way to reducing speculation that the RBA will raise rates next year.
 
We also expect to learn this week that the sharp narrowing in Australia's trade deficit will continue. While Australia's current account should narrow sharply early next year as the rise in commodity prices boosts the value of exports.  This will be good for the government deficit and good for the country.

Wealth Know How is the online network helping people manage their wealth through financial education. Whether you are looking for simple ways to better manage your cash, or you are after a complete strategy on how to save for retirement, we can help you understand your options. It is important to have a vision for your future, but its knowledge not dreams that will ultimately deliver financial success.

Published on 09 Dec 16

  • We’ve spent the past few months focused on the US, but with the end of the year fast approaching it seems like a good time for an update on Australia.
     
    This week we will see the release of Australian GDP numbers, which we expect will have stagnated in the third quarter. However, a soft GDP report will go some way to reducing speculation that the RBA will raise rates next year.
     
    We also expect to learn this week that the sharp narrowing in Australia's trade deficit will continue. While Australia's current account should narrow sharply early next year as the rise in commodity prices boosts the value of exports.  This will be good for the government deficit and good for the country.

    Wealth Know How is the online network helping people manage their wealth through financial education. Whether you are looking for simple ways to better manage your cash, or you are after a complete strategy on how to save for retirement, we can help you understand your options. It is important to have a vision for your future, but its knowledge not dreams that will ultimately deliver financial success.

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