income

  • 30 Mar @ 15:19

    Last week’s warning from the International Energy Agency (IEA) that the surging cost of oil now represented a bigger risk for global growth than the European sovereign debt and banking crisis did not generate the publicity it deserved. Brent crude has jumped by 17% this year to USD 126 a barrel, essentially matching the high…

  • 28 Mar @ 14:14

    Behind the small downward revision to Q4 GDP in the UK (from -0.2% to -0.3%) is the picture of a household sector still under immense pressure from both modest income growth and rising inflation. Real disposable incomes fell 0.2%, having fallen in five of the past eight quarters. Real disposable incomes per head are now…

  • 31 Jan @ 12:55

    Ahead of next Tuesday’s RBA meeting, the slide in house prices witnessed over recent months is a further consideration for policy authorities. In both November and December, the RBA decided to lower the target cash rate by 25bp, now 4.25%. Another rate cut is widely expected. For the doves on the policy-making board, the fall…