Please click here to view Shane Oliver’s views on medium term investment returns.
Key points raised are:
Five megatrends suggest higher medium term inflation pressures and lower economic growth than pre-pandemic, these are :
- A move away from economic rationalist policies
- The reversal of globalisation
- Rising geopolitical tensions
- Climate change and decarbonisation
- Slowing and aging population
A productivity boost from artifical intelligence should provide some partial offset. But taken together this will likely constrain medium term returns.
