There is no risk of Australia being stripped of its coveted triple-A credit rating, Treasurer Joe Hockey said on Friday, slapping down speculation the country might be downgraded for the first time in 26 years. In an interview with Reuters, Hockey said he was confident the economy would extend a run of annual growth that […]
Treasurer Hockey: Australia’s AAA Rating Not in Danger Read More »
I appeared on Channel News Asia again this morning for my fortnightly appearance, at 8:20am AEST / 6:20am SGT. My questions and my responses in the form of brief notes are below: Q1. Upbeat technology earnings helped the Nasdaq surpass its 15-year-old record last week. Does this bull market have legs? I am a believer
Live TV Appearance on Channel News Asia Read More »
The Reserve Bank confronts a dilemma with the latest indicators suggesting economic growth is strengthening while the longer-term outlook remains threatened by falling business investment and commodity prices. The bank’s open scepticism about its ability to forecast the economy with any accuracy might lead it to place greater emphasis on the near-term data. However, the
No Easy Task for RBA on Mixed Data Read More »
Iron-ore’s plunge has put Western Australia state’s credit rating under pressure, but that’s not likely to imperil Australia’s AAA rating just yet, analysts said. “Undoubtedly, Australia’s fiscal position has weakened over the past year, and the May Budget will almost certainly reveal upward revisions to forecast budget deficits, and consequently government debt,” analysts at ANZ
Australia’s AAA Rating Appears Safe Despite Iron-Ore Decline Read More »
