Politics over plain economic sense?

Livewire Exclusive

Livewire Markets

“Monetary policy cannot be the only game in town. It should be coupled with fiscal support,” said the IMF last week. The government is facing added pressure from the RBA and corporate Australian to inject more spending into the lagging economy.

But Mr Morrison is holding firm to his election promise of a budget surplus this year. With lower rates proving ineffective, QE is widely anticipated as the next lever to stimulate growth. But, as overseas experience has proved, it has its limitations.

We sat down with Adam Bowe, Portfolio Manager at PIMCO Investment Management to talk about the lagging economy and the elephant in the room: by eschewing discretionary fiscal stimulus, is the Morrison government playing politics over plain economic sense?

Find out more

Adam seeks to provide all the benefits investors have come to expect from a core bond holding, including consistent income and low volatility. For further information click the contact button below or stay up to date with his latest insights by following him here.


3 topics

2 contributors mentioned

Livewire Exclusive brings you exclusive content from a wide range of leading fund managers and investment professionals.

I would like to

Only to be used for sending genuine email enquiries to the Contributor. Livewire Markets Pty Ltd reserves its right to take any legal or other appropriate action in relation to misuse of this service.

Personal Information Collection Statement
Your personal information will be passed to the Contributor and/or its authorised service provider to assist the Contributor to contact you about your investment enquiry. They are required not to use your information for any other purpose. Our privacy policy explains how we store personal information and how you may access, correct or complain about the handling of personal information.