30 Aug 2019
Friday Tidbit: Australian Economy
- Posted by Dejan Pekic BCom DipFP CFP GAICD, Senior Financial Planner
If you want to keep an economy growing then you need capex (meaning capital expenditure) which comes from Business.
Business capital investment has been falling in aggregate since 2013 but the good news is that it is predicted to rise in 2020 led by mining sector.
If the Government wants people in jobs then it needs to incentivise and stimulate the economic engine room which is business and not over-regulate in the process.
Yes it is a fine line and if it is not navigated successfully, an economic downturn (recession) will follow.
Click for chart.
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