Strong Australian economy underpins investment opportunities1 September 2009Australia’s attractiveness as a destination for Foreign Direct Investment (FDI) is underpinned by sound economic fundamentals and a buoyant resilience to the global economic downturn. The IMF recently noted that Australia is in an enviable fiscal position by international standards, projecting that economic growth will return to 1 ½ per cent in 2010 – led by Australian Government spending on infrastructure such as roads, rail and ports, energy efficiency projects, and broadband. In Australia, the Treasurer has reported that business confidence and business conditions are back up to levels last seen in 2007. He noted that business confidence, rising steadily over the last few months, is now just below the 2007 average. Speaking recently to the Australian Industry Group, Treasury Secretary Ken Henry said that the Australian economy may be seen as offering the best of both worlds: the best qualities of governance and flexibility displayed by the developed world, and an abundance of real investment opportunities usually found only in the developing world. Austrade is particularly keen to promote and attract investment in – financial services, clean energy and environment, advanced manufacturing, business services and infrastructure. Contact an investment specialist to find out more. |