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Global Head of Research in the Global Markets area of National Australia Bank, Peter Jolly, spoke at the latest drinks association Network Breakfast, held on Wednesday 12th August at Doltone House, Sydney.
Jolly heads a team of specialist researchers from across the globe covering macroeconomics, credit markets, foreign exchange, and fixed income markets.
Speaking to a captive audience of industry professionals, Jolly discussed at length about valuable fiscal circumstances – giving guests a 30,000 ft overview of the Australian economy, broken down by state. Peter discussed the low interest rates in Australia compared to international markets, stating that Australian salaries are not rising.
Continuing his speech, Jolly shared information on Australia’s economic relationship with China, saying that Chinas growth is slowing, yet still on the rise.
He also discussed the European budgetary crisis, stating that employment rates in Spain and Greece are at an all time low; with only 1 in 9 people graduating from university in those countries gaining employment currently.
In the US, Jolly said that the economy is performing as the largest in the world, with interest rates rising.
Rounding his speech off, Jolly touched on everyone’s favourite subject; the Australian housing market, sharing his opinion on the myth of the ‘Australian bubble’, and how it is his belief that it does not exist and is therefore not going to burst.
Don’t forget to book your tickets to the next Network Breakfast here.
The event will be held on Tuesday 17th November, 2015 at Sydney’s Luna Park.
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