Can Australia survive Coronavirus & China combination blows? With Dr Salvatore Babones | Nucleus Investment Insights
Coronavirus shocks have resulted in a major blow to Australia by slowing economic activity with its major trading partner, China. We look at the 3 sectors hit hardest by this; Education, Tourism & Commodities.
In today's webinar, hear from Nucleus Wealth’s Head of Investment Damien Klassen, Chief Economist Leith van Onselen, Head of Operations Tim Fuller and leading globalisation specialist Salvatore Babones, as they cover "Can Australia survive Coronavirus & China combination blows?"
Topics today include: Australia's over-reliance on Chinese trade, being cut off from China on top of Australia's own economic issues stemming from Coronavirus (such as greatly reduced tourism from all countries), widespread economic harms of Coronavirus in Australia, Salvatore's research on international students and just how reliant Australian universities are on them, Europe being highly at risk of Coronavirus economic and health impacts due to open borders and Coronavirus being one more reason for countries to move supply chains out of China.
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).
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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.