Tag: domestic economy
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Goldman Sachs upgrades Australian economy
Goldman Sachs has released an upgraded forecast for Australia’s economy that reflects much higher predicted economic growth and a higher Australian dollar. The Australian economics team at Goldman Sachs, which consists of Tim Toohey, Andrew Boak and Bill Zu, also expect that the RBA will lift interest rates as soon as late 2017. The team believe that…
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China favours Huawei Technologies over Apple
It seems Apple has lost popularity with China, once its biggest overseas market and growth engine. They suffered a 12% drop from 2015 according to Counterpoint Research. Apple lost its wind of confidence after the launch of the cheaper iPhone SE which was meant to boost Apple’s popularity, suffering commercial, legal and regulatory setbacks. Instead it did…