Several elements are beginning to line up for the Australian economy and dollar:
- House prices continue to rise
- China has avoided a hard landing and is turning higher
- Commodity prices remain high
- There are signs of fresh resource investment
The Australian says one element is missing from the economy — confidence. They trace the sour mood back to the budget and worries about rising fees and cuts in government benefits but the Australian economy has overcome a multitude of challenges in the last decade and the Winter mood in the southern hemisphere will lift in the month’s ahead.
