Crunch time for the Australian economy – rebalancing the economy as the mining boom fades - Aspire Planning Group

Creating a better future for you and your family

Crunch time for the Australian economy – rebalancing the economy as the mining boom fades

Since around August/September last year, when the iron ore price fell sharply and mining companies started cutting investment projects, a cloud has been hanging over the Australian economy. In the last month or so it seems the cloud has become darker. It is increasingly clear that China is not growing like it used to, the mining investment boom has peaked and the rest of the economy has been slow to respond to lower interest rates. The need to transition from growth largely driven by the mining investment boom to more broad-based growth is now upon us. Some are even talking of recession. But how serious are the risks? And what does it mean for investors?

Read the full story

This entry was posted in Oliver’s Insights. Bookmark the permalink.