Latest News:

Modest growth on the cards for Australia

Australia’s economic growth in 2017 is likely to be similar to growth seen throughout calendar year 2016, according to stockbroker CommSec.


The company said it expected economic growth for the coming year to sit around the 2.25–2.75 per cent, “similar growth as occurred in 2016”, with the ‘full employment’ rate of growth sitting at around 2.75–3 per cent.

Unemployment should crystalise around 5.25 to 5.75 per cent, the company said.

Inflation is expected to edge up towards 2 per cent, but CommSec cautioned that “globalisation will continue to cap growth of prices”.

CommSec said the share market should also record modest growth in 2017, with share prices and dividends both expected to rise by around 4 per cent.

“The main focus will be on the US and the economic direction set by the new administration. The transition of the Chinese economy will continue with bottom-line growth near 6.5 per cent,” the company said.

“Nominal growth of the domestic economy will be around 4-6 per cent, limiting profit growth and thus sharemarket returns. The All Ordinaries is expected to end 2017 between 5,850-6,100 points.”

Read more: 

WHSP subsidiary issues Hunter Hall takeover bid

US banks face underwriting challenge

ANZ subsidiary to sell UDC Finance

Investment specialist joins Perpetual

'Overvalued' equities still offer relative value

 

promoted stories

Appointments

Tom Garcia, AIST, Eva Scheerlinck

Staff Reporter

Insyn Funds Management, Monik Kotecha, John Lobb, Global Titans, portfolio management, equity investment, global equity

Staff Reporter

Mark Beardow, AMP Capital, Adam Tindall, AMP

Tim Stewart

Analysis

ASIC, fintech regulation, Airwallex, Jack Zhang, fintech law, innovation, financial services,

Jack Zhang

ASIC, AFSL, Bill Fuggle, Ian Yau, Baker & McKenzie, financial services law, finance regulation,

Bill Fuggle

Lazard Asset Management, James Donald, emerging markets, Trump

James Donald

fa-twitter