Money and Life
Monthly Economic Wrap
30 March
During March: S&P’s annual global real GDP forecast for 2024 has been revised up from 2.3% to 2.5%. This primarily reflects a significant upward revision to their U.S. forecast, related to unexpectedly strong growth in the final quarter...[Read More]
Monthly Economic Wrap
28 February
During February: According to the International Monetary Fund, the risks to global growth are broadly balanced and a soft landing is a possibility. Global growth is projected at 3.1% in 2024 and 3.2% in 2025, with the 2024 forecast 0.2%...[Read More]
Financial wellbeing and rising cost of living
29 December
2023 National Seniors Australia research As inflation soars to the highest rates in two decades, older Australians are becoming increasingly concerned about their capacity to manage the rising cost of living. Source: Challenger About the...[Read More]
Monthly Economic Wrap
29 December
During December: The global economy, which has proved surprisingly resilient this year, is expected to falter next year under the strain of wars, still-elevated inflation and continued high interest rates. The Paris-based OECD has estimated...[Read More]
Monthly Economic Wrap
2 December
During November: According to the Conference Board, global real GDP is forecasted to grow by 2.9% in 2023, down from 3.3% in 2022. The Conference Board also expects further slowing to 2.5% in 2024. Economic growth is weighed down by still high...[Read More]
Monthly Economic Wrap
31 October
During October: According to the OECD, the global economy proved more resilient than expected in the first half of 2023, but the growth outlook remains weak. With monetary policy becoming increasingly visible and a weaker-than-expected recovery...[Read More]
Monthly Economic Wrap
27 September
During July: According to the Conference Board, global real GDP is now forecasted to grow by 2.7% in 2023, down from 3.3% in 2022. They expect further slowing to 2.4% in 2024. Economic growth is moderating under the weight of continued high...[Read More]
Monthly Economic Wrap
26 August
During July: According to the International Monetary Fund, global growth is projected to fall from an estimated 3.5% in 2022 to 3.0% in both 2023 and 2024. While the forecast for 2023 is modestly higher than predicted in the April 2023 World...[Read More]
Monthly Economic Wrap
25 July
During June: Global GDP growth in 2023 is projected to be 2.7% according to the OECD, the lowest annual rate since the global financial crisis, with the exception of the 2020 pandemic period. A modest improvement to 2.9% is forecast for 2024. ...[Read More]
Monthly Economic Wrap
29 June
During May: Global growth has slowed sharply and the risk of financial stress in emerging market and developing economies is intensifying amid elevated global interest rates, according to the World Bank’s latest Global Economic Prospects...[Read More]
Monthly Economic Wrap
28 May
During April: According to the Conference Board, global real GDP is forecasted to grow by 2.2% in 2023, down from 3.3% in 2022. Most of the weakness will be concentrated in Europe, Latin America, and the U.S. Asian economies are expected to...[Read More]
Monthly Economic Wrap – April 2023
28 April
During March: Global growth prospects for 2023 have improved significantly since December, says Fitch Ratings in its latest Global Economic Outlook report, but the impacts of rate hikes on the real economy still lie ahead and are likely to push...[Read More]
How parents can prepare for the cost of education in Australia
30 March
Education is a vital investment in your child’s future, but it can also be a significant financial burden for those who are unprepared. One study shows that although a large majority of Australian parents believe that education plays a significant...[Read More]
Monthly Economic Wrap – March 2023
29 March
This month: The Conference Board reports that the global economy is so far weathering headwinds better than expected. Incoming activity data for the fourth quarter of 2022 beat expectations, even though they do point to continued slowing...[Read More]
Monthly Economic Wrap – February 2023
27 February
This month: The International Monetary Fund (IMF) has made a slight increase to its global growth outlook for 2023, due to "surprisingly resilient" demand in the U.S. and Europe, easing energy costs and the reopening of China's economy, after...[Read More]