Economic updates

 

A snapshot of financial market news provided by Richard Gibbs, Head of Economics and his team at Macquarie Research.

May 2013

Economic commentary

Richard Gibbs, Head of Economics - Macquarie Research, discusses global growth expectations in the face of emerging structural changes. At home, there is no sign of price pressures on the Australian economy.

April 2013 Richard Gibbs, Head of Economics - Macquarie Research, discusses the Euro area, which has again put investor risk appetite to the test as policymakers signal ongoing support towards growth. At home, Australian households are happier, however real activity remains glum.
March 2013

Economic commentary

Richard Gibbs, Head of Economics - Macquarie Research, discusses the return of some timely caution as investors become increasingly concerned about the stability of the global macro policy environment as policymakers attempt to micro-manage the cycle. Back at home, Richard discusses the weak capital spending survey results.

February 2013

Economic commentary

Richard Gibbs, Head of Economics - Macquarie Research, discusses the resurgence of risk appetite as perceptions of economic stabilisation dominate thinking and policymakers adopt a united front in their quest for global reflation. Back at home, Richard discusses the recent boost to the Australian equity market.

January 2013

Economic commentary

Richard Gibbs, Head of Economics - Macquarie Research, discusses the 2013 and what could be a fresh start for policymakers as monetary conditions are focussed on growth rather than austerity. Richard also discusses the sub-trend growth of the Australian economy.

December 2012

Economic commentary

Richard Gibbs, Head of Economics - Macquarie Research, discusses the renewed focus on stabilisation in the global economy following a period of distractions. Back at home, Richard comments on the dramatically weakened mining outlook for Australia.

December 2012

RBA cuts cash rate to 3% - But the song remains the same

Brian Redican, Senior Economist - Macquarie Research, discusses the Reserve Bank of Australia's decision to cut the cash rate to 3% at its December board meeting.

November 2012

Economic commentary

Richard Gibbs, Head of Economics - Macquarie Research, discusses some signs of stabilization in the global economy with various indicators suggesting that economic growth has bottomed. Richard also discusses the criticism surrounding policymakers slow progress in implementing structural reforms.

October 2012

Economic commentary

Richard Gibbs, Head of Economics - Macquarie Research, discusses recent economic headwinds and how they have spurred global policy makers into another round of global liquidity easing.

October 2012

The RBA Cuts 25bps - Still a begrudging rate cutter

Brian Redican, Senior Economist - Macquarie Research, discusses the Reserve Bank of Australia's decision to cut interest rates by 25bps to 3.25% at its October board meeting.

September 2012

Economic commentary

Richard Gibbs, Head of Economics - Macquarie Research, discusses the US economy where further weakening has led to further easing, the Euro area where the unemployment rate has increased to an all time high, and the Australian economy where consumer confidence deteriorated yet again over August.

August 2012

Economic commentary

Richard Gibbs, Head of Economics - Macquarie Research, comments on the subdued global economic activity, with a focus on the softening Chinese economy, the underwhelming data in the US and the continued deterioration of economic conditions in Europe. Back at home, Richard discusses the recent upbeat rhetoric from the RBA and the impact on rate cut expectations.

July 2012

Economic commentary

Richard Gibbs, Head of Economics - Macquarie Research, shares his views on the Euro Zone and the outcomes of the EU Summit in June. The outcomes of which have been greeted with optimism, however ongoing issues remain unresolved. Richard also discusses the disappointing data out of Asia, including the slow pace of growth in China and the deterioration in the growth outlook for India.

June 2012

Economic commentary

Richard Gibbs, Head of Economics - Macquarie Research, shares his views on the economic situation in China, European politicking in the Euro zone where economic data has been soft, and recent activity by the RBA back at home.

June 2012

Interest rate outlook - RBA seeks to calm the storm

Richard Gibbs, Head of Economics - Macquarie Research, discusses the Reserve Bank of Australia's decision to cut the cash rate by 25bps to 3.50% at its June policy meeting.

May 2012

Economic commentary

Richard Gibbs, Head of Economics - Macquarie Research, discusses the increasing possibility of QEIII in the US, continued problems in Europe including the UK economy tipping back into recession. Richard also discusses the Reserve Bank of Australia's actions in the wake of the weakening economy.

May 2012

RBA May policy decision - cash rate slashed by 50bps to 3.75%

Richard Gibbs, Head of Economics - Macquarie Research, discusses the Reserve Bank of Australia's decision to cut the cash rate by 50bps in May and where the RBA are likely to go from here.

April 2012

Economic commentary

Richard Gibbs, Head of Economics - Macquarie Research, discusses the weak economic data causing considerable market concern over the potential for a sharper slow-down or even a hard landing in China. Richard also provides his insights on the slowing pace of economic activity in Australia.

March 2012

Economic commentary

Richard Gibbs, Head of Economics - Macquarie Research, discusses the US and the possibility of QEIII, which is placing pressure on the Australian dollar and complicating domestic monetary policy.

February 2012

Economic commentary

Richard Gibbs, Head of Economics - Macquarie Research, discusses the downgrading of nine Euro area countries, the recently re-enacted Long-Term Refinancing Operation, and the slowdown in Australian activity despite being the envy of our global peers.

January 2012

Economic commentary

Richard Gibbs, Head of Economics - Macquarie Research, discusses the significant deterioration of the Indian economy over the past two months. Back at home, Richard looks at the Reserve Bank of Australia's decision to cut rates at its December Board meeting as well as the decline in consumer confidence despite the December rate cut.

2011

7 December 2011

RBA eases policy again - what this means for 2012

Economic commentary from Brian Redican, an economist within Macquarie Research. In this paper, Brian examines the Reserve Bank of Australia's decision to cut interest rates again following its December Board meeting and the impact this is likely to have on the economy in 2012.

November 2011

Economic commentary

Richard Gibbs, Head of Economics - Macquarie Research, discusses the potential for a European recession. Richard also provides his insights on slowing momentum in China and mixed domestic economic data.

2 November 2011

Here come the rate cuts

Economic commentary by Brian Redican, an Economist within Macquarie Research. In this paper, Brian examines the Reserve Bank of Australia's decision to cut interest rates following its November Board meeting and the impact this is likely to have on the economy.

October 2011

Economic Commentary

Richard Gibbs, Head of Economics - Macquarie Research, discusses the situation in Europe following European policymakers announcing a package designed to resolve the issue. Richard also looks at the US recovery and what the RBA have been up to back in Australia.

September 2011

Economic Commentary

Richard Gibbs, Head of Economics - Macquarie Research, provides his insights on recent economic activity including the deteriorating European economic environment, the US Federal Reserve's 'Twist' strategy and how central banks in other parts of the world are reacting to developments in financial markets. Closer to home, Richard looks at the RBA and their response to disappointing Australian economic data.

August 2011

Economic Commentary

Richard Gibbs, Head of Economics - Macquarie Research, provides his insights on recent economic activity including US growth and the Federal Reserve’s plans to keep rates lower for longer. He takes a look at the softening economic activity in Europe and the possibility of a manufactured soft landing in China. Back at home, Richard looks at why the RBA have conceded that downside risks to the global economy are growing.

11 July 2011

The Carbon Tax - Implications for the Economy

Economic commentary by Brian Redican, an Economist within Macquarie Research. In this paper, Brian examines the likely impact that an introduction of a price on carbon will have on the macro-economy.

July 2011

Economic Commentary

Richard Gibbs, Head of Economics - Macquarie Research, shares his views on the European sovereign debt crises, US credit concerns and the complex macroeconomic picture unfolding in China.

June 2011

Economic Commentary

Richard Gibbs, Head of Economics - Macquarie Research, provides his insights on recent economic activity including the pause in the US recovery, inflation in China and the deterioration of the Australian labour market.

May 2011

Economic Commentary

Richard Gibbs, Head of Economics - Macquarie Research, provides his insights on recent economic activity including US consumer spending, the slower growth in China and the dramatic GDP decrease in Australia.

April 2011

Economic Commentary

Richard Gibbs, Head of Economics - Macquarie Research, assesses the slowdown in US GDP growth and explains how Chinese policymakers are staying ahead of the curve. Back at home, Richard focuses on how policymakers will manage divergent conditions within the Australian economy and how fiscal policy will impact on household spending.

March 2011

Economic Commentary

Richard Gibbs, Head of Economics, Macquarie Research, provides an update on the global economy, discussing the impact of Japan's natural disaster and subsequent nuclear crisis to their economy. Richard assesses the civil unrest in Northern Africa and the Middle East and the impact rising oil prices will have on global growth. He also reviews the mixed data releases in Australia and the improvement in the US economy.

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