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2019 August Monthly Economic update

August 22, 2019 by Anthony Joseph Brosnan

In this update, Bob Cunneen, Senior Economist, reviews events in markets during August.

He discusses:

  • The trade war between China and the US has intensified with Trump increasing tariffs – causing global share markets to fall 2%
  • The June quarter economic activity data, saw Germany and Britain’s economies contract caused by a combination of the trade concerns and Brexit
  • Gold prices reach levels that haven’t been seen since 2013
  • The Australian share market dropped 3% during August – primarily caused by the trade war
  • Two further quarter percent interest rate cuts are expected

Watch the MLC Economic update – August 2019 video below.

August 2019
By Sinead Rafferty
Portfolio Specialist

Filed Under: News Tagged With: Monthly Economic Update by MLC

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