The Australian economy remains pretty resilient, in fact, we recently achieved a remarkable trifecta, with annualised GDP growth of 4.3% for the March quarter, inflation at just 1.6%, and unemployment of 5.1% (up slightly in May, but still healthy by global standards).
At any other time, numbers like these would be cause for celebration. And even amid the current global uncertainty, they provide local investors with good reasons to remain optimistic despite recent volatility.
Indices:
The All Ordinaries Index has moved down decreasing -18 points (or -0.4%) since closing last Friday to 03:10 am Today.
The rest of the world as measured by the MSCI index was flat in A$ from closing last Friday to end of trade Thursday.
The rest of the world as measured by the MSCI index was flat in A$ from closing last Friday to end of trade Thursday.
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