- What is an economic outlook?
- Your financial outlook
- National vs Personal
- How you can change your economic outlook
- Find out about our FREE e-book
2. Economic Outlook
1. National Economic Outlook
2. Personal Financial Outlook
3. Is Your Personal Financial Outlook Tied
to the National Economic Outlook?
4. Can You Change Your Economic
Outlook?
3. What is an Economic Outlook?
A forecast on the performance of a country’s
economy
• Normally put forward by bodies such as Central
Banks and Credit Rating Agencies
• An economic outlook is projected based on the
economy’s current performance
• This information is useful in tracing future
business/economic trends.
• There is the potential to boost
individual, business or national spirits based on
the outlook.
4. Your Financial Outlook
Your financial attitude is based on a number of
factors, for example:
• Your employment status
• Salary – and potential for growth
• Investments
• Opportunities for social mobility
• National economic forecasts
• Confidence in national/global economy
• Security of the nation’s banking/financial
systems.
5. National Affects Personal
Your outlook can be darkened by national
events e.g. layoffs in public sector or
redundancies in private companies.
• Collapse of banking system can disadvantage
individuals and businesses.
• Bankruptcy of governments could impact
pensions, benefits and shake investor
confidence in the country or city.
• Prolonged recessions or depressions can
have a negative effect on personal financial
outlooks.
6. Change Your Financial Outlook!
Manage Your Expectations
• Find middle ground with your expectations
• Don’t allow your emotions to ride on the constant
twists, turns and unpredictability of your country’s
economy
• Know that an economy goes through four phases:
Expansion, Recession, Depression, Recovery
• Remember, the learning curve starts out
flat, grows into an all time high, plateaus, slides
down and the cycle repeats itself
• Awareness helps you manage your expectations
and your actions in building your own individual
financial security
7. Change Your Financial Outlook!
Focus in on your financial outlook
• Your country’s economic outlook should not
define your personal financial outlook
• If you haven’t sought to employ healthy
financial practices, start today.
• Knowing is half the battle. Once you know
where you stand financially, fear of the
unknown won’t grip you so easily.
• Place contingency plans in place in case of
any downturns that can affect you directly or
indirectly.
8. Who Are We?
Astrape Finance is a financial consulting company that uses education, sound
planning and advice to guide our clients to financial stability and prosperity.
9. Find out more about us and get our FREE e-book
www.facebook.com/AstrapeFinance