Businesses have put the brakes on investment, pointing to an even sharper than expected economic slowdown.Business investment fell sharply in the first quarter, retreating from the gains made late last year
Investment in the key sectors of building and structures as well as equipment, plant and machinery contracted 2.8 per cent and 0.5 per cent respectively. Business now expects to spend $99.1 billion in the 2019-20 financial year, a 12.8 per cent lift on last year.There was also disappointing news for the residential construction sector.
But for last 6 years we had best economy managers in power...
Which truth do you prefer? Flavours to suit all tastes
Well everyone expected little Billy to be PM, so nice try ABC but i suppose more vomit for your true believers to gag on, the Left never learn ,,,, ever ,, what you say Bill Shorten & Hillary Clinton.
monocogirl Keep screwing around with trump and he will bankrupt America just like he did his business.
Oh dear...
Uh Oh! Wait till Trumpy sees this. He will have a tantrum.
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Chinese investment drop ‘no cause for alarm’ | Sky News AustraliaThe Australian National University’s Susan Travis says the drop in Chinese investment in Australia is ‘no cause for alarm.’\n\nAccording to the ANU’s Chinese Investment in Australia database, the country invested $4.8 billion into the national economy last year, down from $9.6 billion in 2017.\n\nThat figure is substantially lower from the high of $15.8 billion in 2016.\n\nMs Travis has told Sky News that, in relative terms, China’s investment in Australia ‘is not that’ substantial compared to Western nations.\n\nShe says it's also important to realise traditionally foreign direct investment is ‘extremely volatile’ and naturally cyclical, and that Chinese investment in Australia will likely increase again over time.
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Fears for Australia-China relationship as investment plummets by $4.8 billionChinese investment in Australia peaked at $15.8 billion in 2016, but has now fallen steeply to just $4.8 billion. They have bought everything they want. They have free entry to the country through Darwin port and have acquired enough arable land for food production. They own most utilities and have bought the politicians. They are happy. 'GREAT MONEY MANAGERS'? Your going to have to SUCK UP a lot now SCOMO!!😂😂😂😂😂😂😂😂 Yes had to sell back the thousands of illegally purchased houses, the Chinese economy is slowing & Chinese govenment forced the pull back of money. Just as well our socialist /commo left labor section lost the election & control of our money. Lets hope we get a centre labor lot
Source: SBSNews - 🏆 3. / 89 Read more »