Clear sky
9 °C
Germantown, Maryland
Clear sky

12:00-18:00 Fri Apr 20 2018
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. 19.04.2018
    19.04.2018
    by      In
    Even as Australia's manufacturing sector continues to reach new heights in expansion and consumer confidence, investigation shows that a significant proportion of manufacturers are heavily reliant on single key customers to stay in business. 
    The report, published by the Advanced Manufacturing... Read More
  2. 19.04.2018
    19.04.2018
    by      In
    The world of cleaning has changed so drastically in the past few years that the purchasing process has similarly had to evolve to keep up, says Denise Campbell, Sales Manager Direct Team, Nilfisk Direct.
    With planning and consideration, purchasing can reap short- and long-term benefits for... Read More
  3. 03.04.2018
    03.04.2018
    by      In
    Australia's PMI jumped up to 63.1 in March, surpassing the previous record of 62.1 (set in May 2002) and marking the highest rate of expansion since records began. 
    “March marked an eighteenth month of expanding or stable conditions for the Australian PMI, the longest run of continuous expansion... Read More
  4. 01.03.2018
    01.03.2018
    by      In
    February proved to be another strong month for manufacturing, with the Australian Performance of Manufacturing Index continuing to show strong growth. 
    The index landed at 57.5 last month, 1.2 down from January's high: while a slight decrease, the industry continues its strong trend of growth both... Read More