Investment themes for a ‘new-look’ Australia

Investment themes for a ‘new-look’ Australia

Despite the end of the commodity price boom, Australia’s economy has held up remarkably well, with non-mining sectors now doing a lot more of the heavy lifting for the overall economy.

Due largely to a plunge in household savings, increased home building underscored by record-low interest rates, weak wage growth – plus favourable currency movements – Australia’s economy has been growing faster than forecast, with the most jobs on record being added to industries including education and tourism.

What’s particularly pleasing is that contrary to popular opinion, the Australia economy didn’t fall off a cliff due to a significant downturn in demand from China for Australia’s mineral resources.

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