Don’t fight the Fed… or the ECB or RBA
Key points The ECB and the Fed now clearly look to be heading towards monetary easing, probably from July. We expect two rate cuts this year from the Fed. The shift back towards monetary easing by global central banks against a backdrop of low inflation adds to confidence that global growth will pick up again […]
Australian growth will be constrained but here’s nine reasons why recession is unlikely
Key points Australian growth is likely to be weak over the next year or so and this will prompt further monetary easing and fiscal stimulus. However, several positives suggest recession is unlikely: the current account deficit has collapsed; the $A helps stabilise the economy; the drag from falling mining investment is over; there is scope […]