25 February, 2020
FEBRUARY 2020
Your financial well-being and plans for the future can be impacted by various economic events, so below is a video to assist you to stay up to date with the latest indicators.
Global growth forecasts were downgraded to 3.3% this year and 3.4% in 2021 on the basis of geopolitical and trade tensions.
Locally, the impact of summer bushfires and ongoing drought is being felt.
The cash rate was held at the current record low of 0.75% for the time being.
We also look at the other economic indicators that paint a picture of the health of the economy, including consumer sentiment, movements in the Australian dollar, unemployment and wages as well as the state of the property market across all of the capital cities.
