Spring into Optimism
Although much of the media would have us believe that our economy is in a constant state of crisis, the facts are that economic growth is pretty good. Sure, we have our problems but maybe its time to be optimistic about the future. In a recent edition of Oliver’s insight (30/8/16) Edition 18, Dr Shane Oliver, Head of Investment Strategy & Chief Economist of AMP Capital gives us seven reasons to be optimistic.
The entire article can be read here but in summary…..
Economic growth is pretty good
The economy has rebalanced
The worst in the slump of commodity prices and mining investment looks to be behind us
Public infrastructure spending is ramping up strongly
Despite all the gloom consumer and business confidence are actually around their long term averages
Share market profits have likely bottomed
Lots of social reasons to be optimistic about Australia including that fact that we rank 4th in the world in terms of life expectancy (at 82.8 years)!
According to the Property Council of Australia, in 2014, there were more than 2300 retirement villages in Australia and around 184,000 seniors living in retirement villages. However that figure is expected to double with some predicting as many as 382,000 people will be living in retirement villages by 2025.View All News