Business
Rich migrants only: Covid-19 recovery suggestion – Yahoo Finance Australia
Recession will be long and painful unless this happens, says one expert.
An investment expert has called to boost immigration for wealthy people to assist Australia’s recovery out of the current Covid-19 recession.
With virus-induced restrictions on people’s movements into the country this year, Australia has lost much external capital coming in.
But Atlas Advisors Australia executive chair Guy Headley said an immediate fix would be to increase the proportion of high-net-worth immigrants.
“These investors have a far greater capacity and can inject more capital int…
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