Subscribe

The biggest economic threats looming in 2015

Geopolitical instability is the biggest threat to the world economy in 2015, according to ANZ chief economist Warren Hogan. Hogan warns the recovery in the US economy must live up to expectations if the world is to improve.

The biggest economic threats looming in 2015

Speaking exclusively to ANZ bluenotes on video, Hogan argues governments and regulators around the world must stay committed to reform while operating as a global community.

"Certain advanced economies have economic weaknesses."
Warren Hogan, ANZ Chief Economist

“There’s still a lot of change going on in the world, particularly in relation to emerging economies and the softness in advanced economies,” he says. 

“Certain advanced economies have economic weaknesses which are generating unemployment and youth unemployment and social stresses that can all at any time maybe show up as some sort of political problem.”  

He also says pockets of financial stress in China are risk factors for Australia and New Zealand. Watch the video above to find out more.

The views and opinions expressed in this communication are those of the author and may not necessarily state or reflect those of ANZ.

editor's picks

03 Feb 2015

Global softness forced RBA to cut: Chronican

Andrew Cornell | Managing Editor bluenotes

The numerous economic troubles facing the world, rather than any one large issue, played a role in the Reserve Bank of Australia’s decision to cut interest rates to a record low of 2.25 per cent, according to ANZ Australia CEO Phil Chronican.

11 Feb 2015

ANZ lowers iron ore forecasts below $US60

Mark Pervan | Former Head of Commodities Research, ANZ

Deteriorating conditions in the iron ore market have forced ANZ to lower its forecasts on the commodity to more normalised levels of below $US60 a tonne in 2015, taking almost a quarter from its previous expectations of $US77.

29 Jan 2015

Australian economy faces new pressures

Warren Hogan | Former Chief Economist, ANZ

With falling commodity prices, QE in Europe and low inflation figures – how is Australia placed for 2015? Warren Hogan explains.