Five reasons why Australia is in good shape to weather
uncertainty in the market
Craig James, chief economist at CommSec provides some analysis
and statistics showing why Australia is in good shape to weather
the uncertainty in the market here locally
and overseas.
Unemployment
Sure some Asian countries have better results…But Australian
jobless rate pretty low!
| Country |
Unemployment % |
| South Africa |
25.0 |
| Spain |
21.0 |
| Greece |
15.8 |
| France |
9.7 |
| US |
9.1 |
| Italy |
8.0 |
| Britain |
7.7 |
| Canada |
7.2 |
| Germany |
7.0 |
| New Zealand |
6.5 |
| China |
6.1 |
| Australia |
5.1 |
| Japan |
4.6 |
| Switzerland |
3.0 |
Source: The Economist, CommSec
Economy
Growth may have slowed…But no
recession in past 20 years!
Low Debt
Government debt will rise modestly…But
Australian debt is lowest amongst majors!
We have China
China is the biggest buyer of our
goods …And it is on track to become biggest economy.
Wealth is at record highs
You may not believe it …but wealth (our homes, shares etc) is at
record highs.
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