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Australia’s economic outlook has deteriorated again, with inflation remaining stubbornly high forcing the RBA to resume rate hikes. Persistent government spending, limited economic reform and an increasingly burdensome regulatory environment continue to weigh on productivity and business confidence. In this month’s market insight, we discuss the drivers behind Australia’s weakening growth backdrop, the implications of higher interest rates for markets, and why we remain underweight Australian equities in a challenging economic environment.
Australia’s economic outlook has deteriorated again, with inflation remaining stubbornly high forcing the RBA to resume rate hikes. Persistent government spending, limited economic reform and an increasingly burdensome regulatory environment continue to weigh on productivity and business confidence. In this month’s market insight, we discuss the drivers behind Australia’s weakening growth backdrop, the implications of higher interest rates for markets, and why we remain underweight Australian equities in a challenging economic environment.
Australia’s economic outlook has deteriorated again, with inflation remaining stubbornly high forcing the RBA to resume rate hikes. Persistent government spending, limited economic reform and an increasingly burdensome regulatory environment continue to weigh on productivity and business confidence. In this month’s market insight, we discuss the drivers behind Australia’s weakening growth backdrop, the implications of higher interest rates for markets, and why we remain underweight Australian equities in a challenging economic environment.
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