Australian Economy Outlook 2013

Posted by Kris | Tuesday, July 16, 2013 | | 6 comments »

kangaroo
Kangaroo roaming free

australia economic fact
Key Info On Australia's economy outlook
This post is dedicated to @ChampDog (as he is thinking of migrating to Australia) as I stumbled across on a interesting report on Australia's economy outlook until the 1st half of 2013. The outlook was written by Avant Financial,  a West Australian owned and operated financial planning business. 

The Avant Financial Report (see the link to the report here) summarizes the following items:

A) The weaker Australian Dollar - Good news for those converting Malaysian assets into Aussie based assets
B) 20% chance for Australia to fall into recession??!
C) The Australian GDP growth trend
D) Interest rate - Up or Down trends
E) Consumer confidence
F) Employment - Deteriorating conditions in over 1 year? Malaysia is seeing similar trends. (no back-filling, contract basis, etc)
G) Property Investment outlook - Looks like it is going to be flat for 2013. I remember at one time it was also red hot like any of the Asian countries.



Digg Technorati del.icio.us Stumbleupon Reddit Blinklist Furl Spurl Yahoo Simpy

6 comments

  1. Mr Lonely // 3:35 PM  

    let's invest in Aussie~ joking~ XD

  2. kampunginvestor // 2:39 PM  

    at least they have a better outlook than Malaysia...

    haiz..

  3. Kris // 3:32 PM  

    @KampungInvestor,

    As much as Bolehland got alot of problems, home is still home sweet home :D

    This is my opinion after travelling to alot of countries :D

  4. ChampDog // 6:03 PM  

    Thanks Kris!

    Unemployment is getting worst in Australia. Specifically for Malaysian who migrate there is also around 5%. Some countries are even worst. I think I should secure a job first remotely.

    Every country has their own problems and I"m trying to researching as many as negative things there, so that at least I'm prepared for the worst.

    One thing you need to aware is your social status will most likely going to be lower as compared to what you have in Malaysia when you first got there. You have to ask yourself whether this is what you really want. :)

  5. Kris // 11:36 PM  

    @ChampDog,

    What do you mean by social status? Sometimes even in Malaysia we are treated like 2nd class citizens.

    Nevertheless, the important thing is quickly establish your people network in a foreign country so that if any issues arises, you know where to find help and advice.

  6. ChampDog // 9:06 AM  

    I mean the living standard or buying power that you can enjoy will probably lower when you first move there and that is reflected in your social status (in a way) regardless of government policy.

    As you said, build network. I will need rebuild all those for what I had here over there.