Westpac Economic Update: 21 November 2014

Westpac Senior International Economist Huw MacKay comments on this week’s G20 meeting hosted in Brisbane, the Free Trade Agreement with China and the signing of the Renminbi Hub in Sydney allowing greater trade opportunities with the Chinese. There was also the Reserve Bank Governor’s speech indicating rates will remain on hold for a considerable period. Lastly, the announcement of Japan entering recession. Plus, looking ahead to next week’s China Consumer Sentiment report and the Black Friday online shopping sales data in the US.

You can find more weekly economic updates from Bill Evans and his team on the Westpac website. Their forecasts are available every Friday at lunchtime, Sydney time.