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.
You can find Dr Babones' here: https://salvatorebabones.com/
Slides of referenced statistics & Dr Babones' research: http://bit.ly/2IDgOJX
In today's webinar, hear from Nucleus Wealth’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.
Apologies for Salvatore's audio, construction started in the University while we were recording and as a result his audio levels had to be lowered.
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Nucleus Wealth is a Melbourne based investment house that can help you reach your financial goals through transparent, low cost, ethically tailored portfolios. To find out more head to nucleuswealth.com.
The information on this podcast 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. Damien Klassen and Tim Fuller are an authorised representative of Nucleus Wealth Management. Nucleus Wealth is a business name of Nucleus Wealth Management Pty Ltd (ABN 54 614 386 266 ) and is a Corporate Authorised Representative of Nucleus Advice Pty Ltd - AFSL 515796.