Business
Is the ASX the best place on earth to invest in 2021?
Australians, let us rejoice, as the ASX may be the best global marketplace for investors in 2021, according to a new report. Due to Australia’s response to COVID-19 and history of strong economic growth, the Why Australia benchmark report found our economy to be surprisingly durable.
The report states that because Australia decreased the spread of COVID-19 and implemented strong stimulus measures, its economy has fared second best globally.
As the economy and GDP impacts, and is impacted by, the share market, a strong GDP generally means good share market growth. Thus, when Australia’s GDP goes up, the ASX generally shows stronger returns.
Let’s take a look at what might make Australia an investing destination.
COVID-19…
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