Business
The optimism of Australia’s investors for the future has shot through the roof | Greg Jericho – The Guardian
While the unemployment remains above pre-pandemic levels, investor optimism for the future has shot through the roof
In the run up to the release of the latest GDP figures on Wednesday, investors have become very upbeat about the prospects for the economy. But such optimism has more to do with how bad things were last year, than with the current situation, even as companies continue to record extremely strong profits growth.
On Wednesday the December quarter GDP figures will reveal how the economy is recovering from the abrupt stop in production last year. And while the unemployment rate remains some 1.2% points…
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