It is important to me to watch the global trade figures – in terms of progress – to confirm in particular that the global trade has bottomed – and there is a light at the end of the tunnel.
Then I came across these figures for the OECD Goods and Services Trade forecast.
Yes a look into each country’s future expectations.
One look at this chart and it seems that the Australian exports are to explode – all I can say is that this is wishful thinking by the Australian Government – most probably in line with the fairytale 2017 May budget and forecasts.
My forecast is that this forecast is pure bullshit – and a simple formula should be applied – as in accounting – in that for each increase or decrease there has to be a corresponding and equal offset.
Whilst Australian forecast figures are snatched from a ‘fairytale’ – all other country’s are in line with expectations.
Seems since the Turnbull government came to power – the one thing they are good at is distorting the Australian Bureau of Statistics figures – whether in unemployment – GDP – and now the trade forecasts in the future.
Note: The Definition of Trade in goods and services forecast is defined as the projected value of projects sold in the future.