Wry & Dry

It's the economy, stupid. Well, economies.

The economic world keeps turning.  Even in January [1].

  • Australia had its biggest trade surplus in seven years: $3.5 billion.
  • Australia's inflation rate fell to +1.5% for 2016.
  • US GDP grew at 1.6% in 2016, pretty weak effort, that (as Ritchie would have said).
  • Eurozone GDP grew at 1.7% in 2016.  Ditto.
  • German inflation rose at 1.7% in 2016, the highest in three years.  Some say the rise in inflation is a good thing.
  • China's GDP grew at 6.7% in 2016.  Rubbery figures?

So what does this mean for you?  Not much.  The world is still growing.  Australia is still growing.  Inflation is low.  The sun is shining.

 

[1] Except for Australia's Reserve Bank, which does not meet in January.  It's vacation time, of course.