25 Jun 2020
IMF: Economic Impact COVID-19
- Posted by Dejan Pekic BCom DipFP CFP GAICD, Senior Financial Planner
Now for some good news.
The International Monetary Fund (IMF) economic growth rate forecast for Australia has improved from -6.7% in April 2020 to -4.5% in June 2020.
Better still, Australia is expected to improve to positive 4.0% for 2021.
Click for chart.
The IMF is estimating that 300 million full-time jobs have been lost globally in the June 2020 quarter alone.
Remember, this is still not over, be patient, keep investing in line with your appetite for risk/volatility and look to react as new opportunities present.
At Newealth we are always looking to support and promote our clients wherever possible and if you have any ideas or comments, please feel free to email me or to call me on +61 2 9267 2322.