Buy Australian domestic demand stocks?

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Via Bloomie:

An Australian equities fund manager is wagering that stocks linked to the domestic economy will become the biggest winners as coronavirus measures ease.

Firms tied to the country’s economic health should rebound quickly as restrictions unwind and consumption increases, said Jelena Stevanovic, portfolio manager at Platypus Asset Management Ltd. Australia is in a strong position, even as it heads toward its first recession in almost three decades, she added. The International Monetary Fund on Wednesday improved its forecast for Australia, while downgrading the outlook for the world economy.

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About the author
David Llewellyn-Smith is Chief Strategist at the MB Fund and MB Super. David is the founding publisher and editor of MacroBusiness and was the founding publisher and global economy editor of The Diplomat, the Asia Pacific’s leading geo-politics and economics portal. He is also a former gold trader and economic commentator at The Sydney Morning Herald, The Age, the ABC and Business Spectator. He is the co-author of The Great Crash of 2008 with Ross Garnaut and was the editor of the second Garnaut Climate Change Review.