Share markets, economies, asset classes: where are we now?
Economist - Investment Strategy & Dynamic Markets Sydney, Australia
Economies like Australia are opening up sooner than we thought, and markets have noticed. The world over, we are in for a strong global contraction, but improvements are making their way into economic data, and we can better understand the impact on asset classes.
We’re all well aware now that the world is in for its strongest contraction since World War Two. We expect advanced economies will behave similarly, and contract about 10% over the June quarter.
That said, we also expect to see a bounce in the September quarter, especially here in Australia. One factor helping this along is that the Australian economy is opening up faster than we expected. If you think back to mid-March, when prime minister Scott Morrison first moved us into lockdown, we thought this period of ‘hibernation’ could last for up to six months.
With a clearer picture of the economic damage behind us as well as the road to recovery ahead of us, in this webinar I talk through:
- The 2020 story so far in key investment markets.
- The risks to economic progress: 3 things to watch.
- The increasingly positive signposts for coronavirus management and control, notwithstanding there is still a way to go.
- Why Australia may come through this period, from a public health and economic perspective, better than most.
- The budget deficit and debt blowout: why this stimulus has been necessary in Australia.
- Outlook for the housing market in Australia.
- Our views on major asset classes in light of the crisis.
For more on this, you can watch the webinar with Diana Mousina
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Important notes
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