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US president Barack Obama

Close to home: UK, Australia and NZ

It’s good news for those living in the UK – the economic scene is set to change dramatically. “No one is as negative about their own land as much as the British,” Bennett says. 

“A great deal of fresh business investment has been delayed and even shelved in recent years, but as the rest of the world, even Europe, shows signs of improvement in 2013, the floodgates may finally open on that fresh investment wave.

Expect some spirited developments out of the UK.”Having enjoyed growth in 2012, Australia’s domestic economy will struggle this year, according to Bennett.

“This should keep prices very competitive, perhaps even lower than 2012. It’s still a place of fantastic natural richness and excitement, possessing a travel industry that is very keen to impress after a couple of lean years.

“The mining and agriculture sectors will be booming at the same time because of the continued expansion in Asia.

”While for New Zealand, Bennett adds simply: “It’s a place of wonder, and an economy likely to muddle along just enough to keep things interesting.”

Shanghai is set to boom in 2013

Save? Party like it’s 2013!

If you fancy putting away a few pounds or dollars to save for a rainy day, this isn’t the year to do it, says Bennett.

“You risk missing out on one of the best party sessions the global economy has ever seen, but if that is your thing and you want to play safe, then look to home base first. 

“Followed next by Asian countries, but the easiest place to earn a higher interest rate and have ready access to your cash at the same time, is probably Australia.”

So what are Bennett’s top tips?

“Australia could again be a bright spot, especially on the travel horizon as the industry there rolls up its sleeves to compete with Asia far more aggressively. Be positive about 2013, and explore the ‘new first world’ of Asia and Latin America.

"Think ‘lucky 13’!”

Bustling Beijing

Putting down roots? Employment to rise

There’s also good news if you’re thinking of settling in a European country for a while and want a career and a house in 2013. 

According to Clifford Bennett, unemployment is going to fall – even in Europe.

“The high 11 per cent level across the Eurozone on average is about the same level the US economy reached before it turned the corner,” he explains.

“As in Europe, the Americans simply expected things to get worse, but they didn’t. The same will be seen in Europe. 

“Think of it as the old first world of Europe and the US suddenly realising the new first world of Asia and Latin America never stopped, and some significant catch up is now needed by Europe and the US. 

“No one likes getting left behind, so business leaders of Europe and the US will be forced to go on the front foot almost immediately in the new year.”


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Economic forecast for 2013: Forget the fiscal cliff, this is the year to spend, spend, spend
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