Australia in Transition

Over the next few years we expect a transitory period where the economy rebalances and new industries take up the slack from the subsiding mining boom. Government can assist this transition a little, and they can damage this transition a little – however the primary driver will be the ingenuity of the Australian people. We understand the short term challenges facing the country, however we have enormous confidence in the Australian people. This country has been through world wars, pandemics, economic destabilisations, food rationing, but still we move forward as a nation. There is justifiable concern at each inflexion point to think that our standards of living is about to decline. However, history shows us that these issues are overcome and that this time will be no different. In the note attached we look at the ability of the Australian economy to adjust and adapt overtime – ultimately leading to increases in our standards of living. Click here for the full discussion. (VIEW LINK)