Where to look for opportunities in Australia’s macro-outperformance
Even with its latest downgrade, the IMF expects our growth to average 2 per cent over the next five years, toward the top end of developed market peers.
The past month has been challenging for investors, here and abroad. For those who call Australia home, our social fabric has been challenged by a bruising referendum campaign and heightened geopolitical tensions following Hamas’ attack on Israel.
Our growth outlook has been downgraded by the International Monetary Fund (IMF), while the RBA has hinted at another hike on Melbourne Cup day. To this we can add recessionary consumer sentiment, continued rental stress and a record proportion of Aussies taking on multiple jobs to make ends meet.
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Scott Haslem is chief investment officer at LGT Crestone.
