Australia slides into a “per capita recession”

Australia slides into a “per capita recession” Key points Australian growth slowed even more in the December quarter. Growth may bounce back a bit this year, but the housing downturn will likely constrain it to around 2- 2.5%.   As a result, unemployment is likely to drift up and wages growth and inflation remain lower for longer.   The RBA is on track to cut rates this year and the housing downturn will likely see …

Market correction or market downturn?

Market correction or market downturn? It’s understandable that the recent sharp sell-off on financial markets has left investors feeling particularly nervous. The main concern has been the US Federal Reserve’s shift in monetary policy from low rates and printing money to rising rates and the withdrawal of that printing policy. But there’s also a lengthy worry list of issues that we hear continuously: the US trade conflict with China, issues around the leadership of President …