Jill Tunkin Delivers An Economic Update

Jill is a Financial Planner with a comprehensive background in financial matters. Jill has a BA in Economics, a BCom in Accounting and a Diploma of Financial Planning. Her career to date has included 11 years with the ANZ and St George Banks in Small Business and Corporate Lending.

Jill also spent 5 years with Westpac Financial Planning and as a Senior Financial Planner with Perpetual Private Clients. The past 7 years have been spent as a Business Development Manager and National Account Manager with HSBC and Fidelity Worldwide Investment.

The European sovereign cash crisis has all world markets on edge, Greeces' current situation significantly adding to the burden. Greece with no tax system in place and nothing to export it is becoming increasingly difficult for them to repay their debt. Spain, Portugal and Italy are in similar situations except they can trade their way out of debt with exports.

The USA debt ceiling also added to world market instability but is slowly turning around and is in good shape to stage a recovery. Recovery will continue with plenty of opportunities for companies to borrow and invest.

The Chinese Government is slowing growth to avoid the boom and bust cycle for the good of long term growth.

India is gaining momentum as they invest in education and grow savings.

Australia is well placed to participate because of low debt levels. And, markets need to be volatile; volatility drives growth. The property market continues to grow as does jobs growth. Both are guaranteed because of population growth due to immigration.