18December2017

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GLOBAL ECONOMIC WEEKLY D GROUP - 6th March 2017

Here in the UK, the focus is on this Wednesday’s budget; in Europe, there has been a great deal of attention on forthcoming elections in The Netherlands and in France, however, the most significant event of last week was really

 Trump’s  P residenti al  add ress  t o  a joi nt  sessi on  of C ongress  – which was remarkable for its normality.

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GLOBAL ECONOMIC WEEKLY D GROUP- 27th February 2017

For once, it is not just about Trump – though, undoubtedly, one of the major factors in the market over the last week has been a growing sense that the new US Administration will not be able to provide much of a fiscal boost this year. In part, that is because the President’s “phenomenal” tax package (which, it had been suggested, might have been launched last week) appears to have been delayed; in part, it is because Congress is simply not prepared to sign off on unfunded infrastructure spending commitments.

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Minister for Trade Tourism and Investment - Media Release - Indonesia-Australia Business Week

Next week I will lead a major trade mission to Indonesia to help create more export opportunities for Australian businesses.

Indonesia-Australia Business Week follows the successful visit by President Widodo over the weekend.

The 120-strong Australian business delegation will build further momentum to conclude the Indonesia-Australia Comprehensive Economic Partnership Agreement (IA-CEPA).

IA-CEPA will create the framework for a new era of closer economic engagement between our countries, creating new opportunities and markets for Australian exporters.

With a middle class of more than 45 million forecast to grow to 135 million by 2030, there is enormous scope to expand our trade and economic relationship with Indonesia by supplying the growing needs of Indonesian consumers with Australian quality goods and services.

Indonesia-Australia Business Week (IABW) is designed to develop business opportunities in key areas where Indonesian demand aligns with Australian capability.

IABW will highlight opportunities in vocational education and training, tourism, financial services and technology, water and sustainable urban design and agribusiness supply chains.

IABW will be held from 6-10 March 2017 in cities across Indonesia.

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GLOBAL ECONOMIC WEEKLY D GROUP - 20th February 2017

Can one step back from Trump – even for a moment? 

Although he has dominated the last week, as he has dominated every week since the election, it may be worth trying to look at the broader picture. As far as the global economy is concerned, for instance, the recent news has been generally positive. Oil prices have strengthened (even if there are concerns over the recent OPEC/non-OPEC deal), the ‘Trump bump’ is clearly spilling over from US equity markets to the rest of the world, EU growth is picking up, fears of deflation are subsiding, and (as the IIF pointed out last week) growth in the emerging markets as a whole has recovered. 

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GLOBAL ECONOMIC WEEKLY - February 13, 2017

Here in the middle of a NY snowstorm, it is still All Trump – but opinion (in the markets and elsewhere) is divided between those who feel that his pronouncements and policies should be evaluated just as the policies and pronouncements of other politicians have been, and those who believe that there is something inherently different about Trump. Those in the latter camp appear to believe that his (admittedly unconventional) behaviour suggests tha t he is basically crazy, and that there is, therefore, no need to analyze what he says and does in terms of its policy implications. Indeed, it is suggested that giving him the benefit of the doubt (ie treating him like a conventional politician) is somehow unacceptable – socially, morally, whatever.

On the assumption that that is nonsense, it is worth looking at what Trump has been doing more dispassionately.

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Government Australia Advisory Board

Simon Crean MP

John Brumby 

Kristina Keneally

Mark Vaile

Nick Greiner

Alexander Downer

Peter Charlton

Trevor Rowe

Warwick Smith

 

Bob Carr