Australian economy set to gear up on non-mining growth
Faith in the sharemarket has been battered by the bear market in banks, major miners and other blue chips. Fear continues as it seems volatility in global markets will never cease... Everything that we are hearing in the financial news is enough to shake anyone’s confidence. So is our nation’s prosperity really about to crumble? We have a more optimistic view. Australia stands out for sailing through the GFC with uninterrupted economic growth, no major bank failures and only a modest rise in unemployment; in fact it is falling on a monthly basis. Today our economy’s steady growth, falling unemployment rate, national wealth and relatively low public debt are the envy of the world. So today, we present a positive case for Australia - a case no one is talking about. (VIEW LINK)
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