GFC (Global Financial Crisis) Dr Doom aka Nouriel Roubini is a New York based economist who’s claim to fame was his prescient forecast of the global financial crisis. Was he lucky, well I will let you be the judge but going forward he predicts that China “…cannot be the major or single engine of global growth…” but China and India have the capability of growing at over 7% per annum. For Australia, Professor Roubini expects that economic growth “…is going to depend in part on variables that are not under the control of Australia, how robust the growth recovery of China is going to be …”. It appears that even after 200 years our economic health continues to be linked to the rest of the world and we are just along for the ride. At Newealth we are always looking to innovate and improve our ongoing advice and services wherever possible and if you have any ideas or comments, please feel free to email me at invest@newealth.com.au or to call me on +61 2 9267 2322.
4th-August-2009 | 
