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Finance & Markets

RBA believes unemployment needs to go higher

The Reserve Bank of Australia’s (RBA) November Statement of Monetary Policy (SoMP), released on Tuesday, raised its forecast for the nation’s unemployment rate. As illustrated below by Alex Joiner from IFM Investors, the RBA now expects the unemployment rate to rise from its current level of 4.6% (trend) to 5.1% by the end of 2028, The post RBA believes unemployment needs to go higher appeared…

We haven't written up this one. MacroBusiness has the full story — the link below goes straight to it.

Read the original at macrobusiness.com.au →

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Africa’s LNG Exports Set to Soar 175% as Buyers Flee Hormuz

Energy buyers burned by the Strait of Hormuz are turning to Africa, and the money is following. The African Energy Chamber projects that Africa’s upstream sector will attract ~$40 billion a year…

  • Africa's LNG exports to increase by 175% by 2030.
  • Buyers avoid Iran's Strait of Hormuz following 2023 closure.
  • Mozambique, Nigeria, Angola, Libya, Ivory Coast to lead growth.

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