Every recession is different in terms of the drivers, the length, the depth and of course, the speed at which the economy can recover.
As we move into the new year, the consensus is for recession in the US, Europe, and UK, but that Australia will avoid this outcome. This is encouraging news for domestic investors but recession or not, Australia’s economic outlook will deteriorate meaningfully.
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Jun Bei Liu is the founder and lead portfolio manager at Ten Cap. She formerly worked for Tribeca Investment Partners.
