Australian Economy: Calm before the storm | Nucleus Investment Insights

Damien Klassen

Nucleus Wealth

The Q4 National accounts are hot off the presses, showing 0.5% of economic growth in Q4 2019, higher than analyst predictions. However, if you look below the surface, it's far from all roses for the Australian economy. If you exclude net exports, Australia's economic growth was lower than population growth. 

Topics include why we forecast Australia's first recession in 29 nears occurring in Q1&Q2 of 2020, weak private sector growth in 2019, GDP being propped-up by NDIS & NBN which are set to roll off by June 2020, stagnating household income, what the external Coronavirus shock will do to the Australian housing market and wider economy, and as always our investment outlook, including how we're allocating assets during these turbulent times. 

In today's webinar, hear from Nucleus Wealth’s Head of Investment Damien Klassen, Chief Economist Leith van Onselen and Head of Operations Tim Fuller, as they cover "Australian Economy: Calm before the storm." 

Slides referenced throughout the episode 

If this episode sounds of interest to you, watch in the YouTube player below or in podcast form here (links are featured at the bottom right of the player if you wish to listen on your preferred platform). 

The information on this blog contains general information and does not take into account your personal objectives, financial situation or needs. Past performance is not an indication of future performance. Damien Klassen is an authorised representative of Nucleus Wealth Management, a Corporate Authorised Representative of Nucleus Advice Pty Ltd - AFSL 515796.

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Damien Klassen
Head of Investment
Nucleus Wealth

Damien runs asset allocation and global stock portfolios for Nucleus Super, Nucleus Ethical and Nucleus Wealth. His 25 year+ career includes Global Quant at Schroders, Strategy at Wilson HTM & co-founder of Aegis.

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