Coronavirus shocks have resulted in a major blow to Australia by slowing economic activity with its major trading partner, China. We look at the 3 sectors hit hardest by this; Education, Tourism & Commodities.
In today’s webinar, hear from MB Fund’s Head of Investment Damien Klassen, Chief Economist Leith van Onselen, Head of Operations Tim Fuller and leading globalisation specialist Salvatore Babones, as they cover “Can Australia survive Coronavirus & China combination blows?”
Topics today include: Australia’s over-reliance on Chinese trade, being cut off from China on top of Australia’s own economic issues stemming from Coronavirus (such as greatly reduced tourism from all countries), widespread economic harms of Coronavirus in Australia, Salvatore’s research on international students and just how reliant Australian universities are on them, Europe being highly at risk of Coronavirus economic and health impacts due to open borders and Coronavirus being one more reason for countries to move supply chains out of China.
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Tim Fuller is Head of Operations at the Macrobusiness Fund, which is powered by Nucleus Wealth.
The information on this blog contains general information and does not take into account your personal objectives, financial situation or needs. Past performance is not an indication of future performance. Tim Fuller is an authorised representative of Nucleus Wealth Management, a Corporate Authorised Representative of Nucleus Advice Pty Ltd – AFSL 515796.