- Australia is another developed economy that investors should consider for diversification away from a US-centric portfolio.
- Households can draw on a high savings rate to spur new spending. The average savings rate is well above pre-pandemic levels.
- The country's commodity-focus will drive growth as long as inflation fears dominate headlines.
- Wage growth is starting to tick up, but it is still at a historically low level. The lack of wage inflation is a boon for corporate profits.
For further details see:
EWA: Australia Is Another Developed Economy Worth Considering