Accrue Financial Group
A Marriage of Convenience
Monday, May 23, 2011
It's official! We're no longer as tied to the US and our marriage to Asia is stronger. The IMF released research last week that confirmed the strength of our “new” marriage with Asia. It concluded that a shock to Asian economies over the last 10 years has dramatically overtaken the US as the most important external factor influencing our business cycle. It estimated that the impact of a 1% economic shock in Asia would produce a 1/3 percent change in Australia’s growth rate. Whereas a shock isolated to our old flame, the US, is now estimated to have negligible impact here.
It should be noted that the IMF research focussed on the effects on GDP rather than share market moves. So, it's likely we'll still be heavily influenced by the US lead in terms of day to day stock market movements.
It should be noted that the IMF research focussed on the effects on GDP rather than share market moves. So, it's likely we'll still be heavily influenced by the US lead in terms of day to day stock market movements.
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THIS IS NOT ADVICE
The information contained herein is of a general nature only and is not intended to provide you with financial advice. This does not take into account your personal situation.
No liability is accepted for any loss or damage as a result of any reliance on this information. We advise all persons to seek individual advice from a competent professional adviser before making any investment decision.
THIS IS NOT ADVICE
The information contained herein is of a general nature only and is not intended to provide you with financial advice. This does not take into account your personal situation.
No liability is accepted for any loss or damage as a result of any reliance on this information. We advise all persons to seek individual advice from a competent professional adviser before making any investment decision.
Terry founded what now is Accrue Financial Group in 1987. He is still
actively involved on a daily basis with providing our clients with
advice and guidance. Terry has attained CFP certification which is the
highest professional certification that can be awarded to a financial
planner.
Kristy has 10 years experience in the Financial Planning Industry. Kristy's focus is on providing excellent service to our existing and new clients.