Forecasts dip as economy slackens

Original article by Bianca Hartge-Hazelman
The Australian Financial Review – Page: 28 : 20-Aug-14

The Australian sharemarket has gained 3.5 per cent so far in 2014, although it has risen by 27 per cent in the last two years. Tony Brennan of Citigroup forecasts that the benchmark S&P/ASX 200 Index will end the year at 5,750 points. However, he warns that the market has lowered earnings expectations for 2014-15 by 0.5 per cent so far, and this could be scaled back further

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