none

REPORT HIGHLIGHTS NINE RISKS THAT MAY HAMPER RECOVERY

22-12-2016
by 
in 

Efic has published the final edition of its World Risk Developments for the year, combining an overview of the tidal shifts of 2016 and analysing the risks that lurk in 2017.

According to Efic Senior Economist Cassandra Winzenried: “Global recovery hinges on better growth in emerging markets. Specifically, the diminishing drag of commodity-induced recessions in Russia, Brazil and Nigeria needs to offset China’s continued slowdown.”

Winzenried goes on to highlight nine risks that may hamper recovery. These include European instability and banking system fragilities, a more insular USA and increasing opposition to globalisation, and rising leverage in China.

For Australian exporters, Winzenried says real resources and energy export values are expected to jump almost 10% this financial year, with LNG exports expected to rise 40%. “We expect Australia’s export profile to continue to rebalance. However the pace of the persistent upward march of services exports may be more difficult to match in 2017.”

The full December 2016 edition of World Risk Developments is available here.

Efic
1800 093 724
www.efic.gov.au

Related news & editorials

  1. 02.08.2021
    02.08.2021
    by      In
    Done well, hydraulic servicing can save money and enhance safety.  It is the key to maximising uptime and reliability as mobile hydraulic machinery gets more sophisticated, and depends even more on fully functional and safe hydraulic hoses and fittings. Without them, machinery just stops working –... Read More
  2. piggy bank
    05.07.2021
    05.07.2021
    by      In , In
    Employers should be aware of a number of important changes to payroll and other obligations with the start of the new financial year,” says Innes Willox, Chief Executive of the national employer association Ai Group.
    “The recent Fair Work Commission Annual Wage Review decision increased national... Read More
  3. Yawei laser cutter
    16.06.2021
    16.06.2021
    by      In , In , In
    A commitment to providing outstanding customer service, staying abreast of local trends, and ongoing diversification led to Jmar Engineering in Shepparton, Victoria, celebrating it 25th anniversary recently.
    Jmar, founded by Mark and Janice Hooper, specialises in component manufacturing, repairs... Read More
  4. Matt and Ross
    09.06.2021
    09.06.2021
    by      In , In
    Simple, high-quality coffee is revered in Italy. So when an Australian of Italian heritage, who has been involved in the coffee business most of his life and visits Italy regularly, tells you that Australian roasted coffee is the world’s best, you sit up and take notice. And when he goes on to tell... Read More
Products
Suppliers