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Economic Updates

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Economic Updates

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Neom – The Future of Saudi Arabia

Neom - The Future of Saudi Arabia   Back in October the Saudi Prince Mohammad bin Salman announced plans to build a new city called Neom. This ambitious plan for a city would be located in the northwest region of the Kingdom and span across Saudi Arabia, Jordan and Egypt. Neom is part of Saudi Arabia’s vision 2030, a plan to reduce its d...

December 18, 2017
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Mugabe Steps Down

Mugabe Steps Down Political tensions have been rising in the southern African nation of Zimbabwe over the last few days as the long-standing leader Robert Mugabe was placed on house arrest by the army in a coup*. The people of Zimbabwe have experienced tough times under Mugabe since he became the leader back in 1980, and on the 21st of November he ...

November 22, 2017
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US-Turkey Diplomatic Tensions

US-Turkey Diplomatic Tensions Both the US and Turkey have announced they have suspended all non-immigrant visa services for travel between the two nations. The shock announcement came after a United States consulate worker in Istanbul was held over  suspected links to the cleric blamed for last year’s failed coup. The statement by the US missio...

October 18, 2017
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Harvey and Irma Effect

Harvey and Irma Effect It has not been a good couple of weeks for the United States and the Caribbean.  Harvey and Irma formed in the Gulf of Mexico and the Atlantic respectively, causing large-scale devastation in the region. It is expected to cost the US economy billions of dollars to fix the damage both hurricanes left behind. It will certainl...

September 13, 2017
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Singapore 2017 Presidential Election

Fifty-two years ago, a small undeveloped 700 kilometer set of islands separated from the Federation of Malaysia to form the Republic of Singapore. In the recent past the area was administered by the British East India Company and directly as the British Crown Colony of Singapore. In 1965 the GDP per capita was less than $320, roughly 10% of the Ame...

September 6, 2017
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German Election A Probable Grand Coalition

The German election is fast approaching and with the current polls and coalitions are practically inevitable. The 2013 Grand coalition - CDU/CSU and SPD was effective and the government was successful in implementing a lot of legislation in a harmonious way. Even at times of conflict such as the dual citizenship, both parties have arrived at a harm...

September 4, 2017
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German Election

The German election is one of the key elections for the Eurozone following the French and UK elections. Angela Merkel is in the final month of campaigning for a fourth term in power. With an anti-immigration party continuing to capture segments of the electorate, Merkel might be faced with a coalition with one or more opposition parties.   Pol...

August 20, 2017
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UK Election 2017 – The Results Are In

UK Election 2017 – The Results Are In The people of Britain have spoken, the results from the UK Election are in and Britain is more divided than ever. When Theresa May called the Snap General election back in April, it was predicted that The Conservative Party will win the election by a large margin but it all began to change when all parties st...

June 19, 2017
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UK Election – Getting closer

UK Election – Getting closer In just under one weeks the people of Britain will go the polls to cast their vote in the UK elections. When Theresa May called the Snap Election the polls suggested a landslide victory for the Conservative party but since then a lot has happened – the manifestos have been published, polls are suggesting that the l...

June 2, 2017
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A “Labour-Like” Budget by the Liberals

A "Labour-Like" Budget by the liberals Treasurer Scott Morrison has delivered his second budget on the 9th of May 2017. It is claimed to be politically correct with focus on key issues such as major banks, multinationals, affordable housing and foreign workers together with a “big spending” economic plan. This budget has left little room for cr...

May 23, 2017
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French Elections – The final round

French Elections -The final around Marine Le Pen, a lawyer, politician and recently the former president of the National Front is facing a young independent centrist untainted by old politics. Almost a year after forming his party, markets were positively surprised when Macron managed to outcast 2 major political parties that have governed France f...

May 5, 2017
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United Kingdom – Snap General Elections 2017

United Kingdom - Snap General Elections 2017 2017 is now expected to be an even bigger year for the United Kingdom - On the 18th April, British Prime Minister Theresa May made the shock call for a snap general election to be held on the 8th June, 2017. This is contrary to what she has previously said on numerous occasions. In fact, on the 30th June...

April 26, 2017
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Post Inauguration – approaching 100 days

Post Inauguration – approaching 100 days Back in November 2016, the people of America went to cast their vote for their 45th President. There were two main candidates – Donald Trump and Hilary Clinton, the polls indicated a win for Clinton but the result proved the opposite. Even though Clinton won the Popular vote, Trump won the vote that coun...

April 19, 2017
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Groundhog Day at the RBA, but where next for the Aussie dollar?

Yield Advantage Beginning 2014 trading around $0.89, the Australian dollar remained remarkably resilient throughout the first half of 2014, reaching highs of $0.95 at the beginning of July, buoyed by a yield advantage over its global counterparts as the Reserve Bank of Australia (RBA) moved their policy bias from negative to neutral. Repeated effor...

November 6, 2014
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