australian dollar outlook 2012

australian dollar outlook 2012 : The federal government's budget predicted above-trend real gross domestic product (GDP) growth over the next several years due to factors including a strong forecast increase in commodity exports and record mining investment along with a return to surplus by 2012/13.

The Australian economy is forecast to expand at 2.25 per cent in fiscal 2011, followed by 4 per cent growth in 2011/12 and a 3.75 per cent rise in 2012/13.

This compared to projections of below potential economic growth, high unemployment and big fiscal deficits over many years for most other advanced economies, including the United States and eurozone, according to the International Monetary Fund.

Scarcity Drives Non-Bank Bond Prices to Nine-Month High
Bonds sold in Australia by companies outside the financial industry are trading at the highest price in almost nine months amid a scarcity of local currency debt.Read More...

Australia Central Bank Signals Higher Rates Ahead
In a quarterly monetary-policy statement, the central bank announced higher forecasts for inflation, predicting core inflation will rise this year to the top of its target band of 2% to 3% and remain there before finally busting higher at the end of 2013. Economic growth is expected to run well above historic averages for most of the forecast period, hitting 4.25% in mid-2012. Read More...

Australian dollar falls after Goldman Sachs cuts its China growth forecast
The investment bank cut its China 2011 and 2012 growth forecasts to 9.4 per cent and 9.2 per cent respectively, from previously forecast 10 per cent and 9.5 per cent. The bank raised its 2011 CPI forecasts to 4.7 per cent from 4.3 per cent and left 2012 unchanged at 3.0 per cent.Read More...

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