The omens for Australia point to a lousy 2019 – politically, economically, commercially and internationally. Fear that Coalition election defeats will bring anti-business policies locally while world-wide wobbles (Brexit and rumblings of discontent within the EU, the US-China trade spat along with their internal uncertainties) that damage confidence and economic growth have prompted gloomy forecasts with headlines like ‘Year of Confusion Looms’, ‘Stocks Face Bear Market’, ‘The coming year of living dangerously’; the WSJ’s ‘Less growth and more uncertainty – the global outlook is shifting, leading to more turbulence’; or Bloomberg’s ‘the balance of risk has shifted to the downside’...
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