Australia's Chalmers: Global soft landing not assured

Market news

28 February 2024

Australia's Chalmers: Global soft landing not assured

Treasurer of Australia Jom Edward Chalmers hit newswires early Thursday, noting that the assumed baseline of a global soft landing isn't a guarantee.

Key highlights

Austalia's Q4 GDP data likely to be quite weak.
Global soft landing is assumed to be the default case.
Soft landing scenario isn't assured, risks still remain.
Local economic figures in Australia run the same risk.

NZD/JPY bears step in after RBNZ dovish hold

Gold price holds firm as US economic expansion tempers US yields

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