'Australia is toast' foreign investors tell NAB

Posted by Simon Dehne on September 22, 2015 in Latest News with No Comments

Foreign investors have turned especially bearish on the Australian economy, with one describing it as “toast”, a National Australia Bank report says.
Chief economist Ivan Colhoun said a recent visit to clients in Britain, continental Europe and the Middle East revealed a “uniformly negative view on Australia’s prospects”.
“I have never experienced such overwhelming negativity on the outlook for the Australian economy and Australian dollar in all my years marketing the Australian economy offshore,” he wrote on Monday.
Read more.

« previous post

Aussie property market facing ...

A home-building frenzy that is shoring up Australia's economy as the mining boom ends may ...

next post »

Australian Crackdown on Foreig....

CANBERRA, Australia—A government clampdown on illegal investment in Australian real esta...

Leave a Reply

No trackbacks yet.

No post with similar tags yet.

Posts in similar categories