3.09 Australian Economy: Calm before the storm | Nucleus Investment Insights

Published: March 5, 2020, 1 a.m.

b"The Q4 National accounts are hot off the presses, showing 0.5% of economic growth in Q4 2019, higher than analyst predictions. However, if you look below the surface, it's far from all roses for the Australian economy. If you exclude net exports, Australia's economic growth was lower than population growth. \\n\\nSlides referenced throughout the episode : http://bit.ly/2Tl0Dap\\n\\nTopics include why we forecast Australia's first recession in 29 nears occurring in Q1&Q2 of 2020, weak private sector growth in 2019, GDP being propped-up by NDIS & NBN which are set to roll off by June 2020, stagnating household income, what the external Coronavirus shock will do to the Australian housing market and wider economy, and as always our investment outlook, including how we're allocating assets during these turbulent times \\n\\nTo listen in podcast form click here: http://bit.ly/NucleusPod \\nLearn more about the hosts: https://nucleuswealth.com/people \\nTry out our brand new property calculator: https://nucleuswealth.com/property-calculator \\n\\nFind us on social media: \\nhttps://www.facebook.com/NucleusWealth/ \\nhttps://twitter.com/NucleusWealth \\nhttps://www.linkedin.com/company/nucleuswealth \\n\\nNucleus Wealth is a Melbourne based investment house that can help you reach your financial goals through transparent, low cost, ethically tailored portfolios. To find out more head to nucleuswealth.com. \\n\\nThe information on this podcast contains general information and does not take into account your personal objectives, financial situation or needs. Past performance is not an indication of future performance. Damien Klassen and Tim Fuller are an authorised representative of Nucleus Wealth Management. Nucleus Wealth is a business name of Nucleus Wealth Management Pty Ltd (ABN 54 614 386 266 ) and is a Corporate Authorised Representative of Nucleus Advice Pty Ltd - AFSL 515796."