The first years of the millennium were kind to government finances. A benign economic environment, and a once-in-a-century commodity boom fuelled by Chinese growth, helped the Federal budget to a cumulative…
Scenarios on global trends over the next 20 years point to some serious challenges for Africa. Whatever actually happens, it’s important for the continent to put in place mitigation strategies.
Cheap gas is traditionally a boost for the U.S. economy but this time the economy could be badly hurt because of the domestic drilling boom and financial bets made by the oil & gas industry.
The decline in commodity prices means African countries must work that much harder to encourage both local and foreign smaller and junior mining companies.
The fall in commodity prices has hit the DRC hard. This is a lesson to resources-dependent countries in Africa that they need to diversify their economies.
As we head into the federal budget tonight, all eyes will be on how the Coalition government might tackle some challenging economic data affecting Australia’s economy.