International Economic Week in Review: Ending the Year on Mostly Positive News

     This was a light week for economic news.  It’s highly likely that with the first major end-of-the-year holiday on Sunday, statistics agencies deliberately planned a light released schedule.       The primary news from Australia was Monday’s release of the latest meeting minutes.  The economy is growing a bit below trend, but growth is not so weak as to cause serious concern.  Underemployment is a problem; most job gains this year are from temporary positions.  Weak growth is probably a primary cause of low wage growth and middling retail sales.  Yet, consumers remain optimistic.  Residential investment is moderate but…

Source: XE news feed
International Economic Week in Review: Ending the Year on Mostly Positive News