‘What You Need To Know About The Future Of Australia’s Financial Sector’

‘What You Need To Know About The Future Of Australia’s Financial Sector’

July 18, 2021 Comments Off on ‘What You Need To Know About The Future Of Australia’s Financial Sector’ By admin

Posted June 23, 2018 08:48:11Australia’s financial sector is expected to see a significant increase in investment activity this year, with the number of investors expected to rise by almost half to nearly 10 million.

As part of its global investment outlook released on Tuesday, the Commonwealth Investment International (CI) released a report, titled ‘What you need to know about the future of Australia’s financial system’.

The report, compiled by Australian Investment Management Association (AIMA), noted that in 2019, Australian assets were expected to be worth more than $11 trillion, up $1.3 trillion from 2018.

That compares with a forecast of $8 trillion in 2018.

The report added that Australia was expected to receive an additional $3.5 trillion of external investment in 2020, bringing its total to about $10 trillion.

Australia is already the world’s biggest exporter of commodities and a leading exporter in terms of financial services.

As a result, it is forecast to have more than three times the number, or $2.6 trillion, of foreign direct investment (FDI) than any other country in the world, the report noted.

It is also expected to double its trade surplus with China to $5.6 billion, making it the world leader in the global market for goods and services.

The growth in investment in Australia has been attributed to the country’s large and growing middle class, which is expected see their incomes rise by $1,000 a year in 2020.

The number of Australian households with a high school diploma is expected hit a record high of 31.7 million in 2020-21, with an average of $71,000 in disposable income.

This is a huge increase from a year ago, when only 5.9 million households were in the same position, according to the report.

Meanwhile, the number with no degree is expected rise to 3.7 and the number earning less than $15,000 will grow to 3 million.

A total of 1.3 million households will be unemployed by the end of 2020-22.

The Commonwealth said the report highlighted Australia’s economic strengths, including the fact that it has the lowest unemployment rate in the G7.

The CI also predicted Australia will remain in the top 20 economies for years to come.

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