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More time at home means many Australians now have the opportunity to re-assess their lifestyle and spending habits and set some serious saving goals. So how can you actually go about it?

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In this episode of The nestegg Podcast, host Grace Ormsby is joined by Melbourne-based Reventon’s Billie Christofi to talk all things finance and the impact of isolation on our hip pockets.

In stage 4 lockdown, Billie shares the importance of going back to basics when it comes to budgeting, methods to re-assess spending habits, and some of the less conventional ways people can boost their wealth at this time.

Thanks Billie, for sharing your insights with the nestegg podcast team!

Have an investment story to share? Get in touch at [email protected] and you might get featured on an upcoming episode!

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Learn the best strategies in investing and options like cryptocurrency, bonds, mutual funds, property and stock market." ["secure"]=> int(0) ["page_description"]=> string(7) "nestegg" ["page_rights"]=> NULL ["robots"]=> NULL ["page_heading"]=> string(71) "Invest Money - Strategies and Tools for your Investment Goals | nestegg" ["access-view"]=> bool(true) } ["initialized":protected]=> bool(true) ["separator"]=> string(1) "." } ["displayDate"]=> string(19) "2020-09-02 02:50:12" ["slug"]=> string(43) "15670:capitalising-on-the-covid-19-pandemic" ["catslug"]=> string(11) "302:podcast" ["link"]=> string(56) "/resources/podcast/capitalising-on-the-covid-19-pandemic" ["image"]=> string(43) "images/podcasts/Billie_Christofi_WEB_ne.jpg" ["image_alt"]=> string(0) "" } }

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Are we on the cusp of a recession?

By Killian Plastow

July 31 2017
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Invest

Are we on the cusp of a recession?

By Killian Plastow
July 31 2017

Models used to forecast market directions suggest the risk of a global recession in the next two years is low, but minor shifts in market performance could change that drastically, according to a global investment firm.

Are we on the cusp of a recession?

By Killian Plastow

July 31 2017
Share

Last year saw many investors worry that “stuttering growth” in numerous countries and “plunging” commodity prices could prompt a recession (a period of poor performance typically indicated by two consecutive quarters of negative GDP growth), a recent report from Standard Life Investors noted.

“Although the worst fears of investors were not realised, and global economic growth has subsequently reaccelerated, the episode serves as a useful wake-up call,” the report said.

“It forces us to question where we sit in the global business cycle and – most importantly – when is the next recession due?”

Using a number of forecasting models, the asset management firm analysed the current market environment and found the chance of a global recession in the short term is slim, but cautioned that investors shouldn’t relax just yet.

“The modest risk of recession flagged by our models should not provide cause for complacency, especially for those investing on longer horizons,” the firm said.

“Our models have some predictive ability one and two years ahead, but their reliability fades as time goes on because the forces that bring cycles to an end are not always in view that far out and some recession triggers fall outside the scope of our framework.”

Additionally, the economists who put the report together found that only slight adjustments to market conditions were needed to dramatically increase the risk of a recession, with the most notable example being a single standard-deviation fall in year-on-year returns increased the probability of a recession on a three month horizon by 20 per cent.

Changes in a number of other variables, such as real residential investment and credit spreads are also likely to affect the possibility of a global recession, the report cautioned.

Standard Life Investments said that investors can feel confident about extending their investment horizons “for now”, but that they should keep an eye on the market moving forward to minimise their risk.

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