PHILADELPHIA, PA, August 30, 2013 /24-7PressRelease/
-- In recent months, there has been much naysaying with regard to the future of the Australian economy--but according to 1Wealth Partners
, investors have no reason to panic just yet. The company is not alone in thinking that the many doom-and-gloom reports may be significantly exaggerated. A recent article from The Australian argues along similar lines. Now, 1Wealth Partners have responded to the article with a new statement to the press.
from The Australian notes that there has, in recent months, emerged an extreme pessimism about the Chinese outlook--a pessimism that seems to have rattled even Beijing. This pessimism seemed to affirm the new Australian PM's warnings that the resources boom was, for all intents and purposed, coming to a close.
Things have taken a turn, however, just in the month of August. A run of good Chinese manufacturing and trade figures--combined with a 20 percent surge in iron ore prices--has led many to believe that the boom's end is not forthcoming after all.
"For months, there has been rampant speculation that a dearth of trade with China will spell certain doom for the Australian economy," 1Wealth Partners states, in its press release. "Fast forward to the present day and you find that the treasury may even revise its company tax revenue forecasts, finding them to be higher than expected. It is, perhaps, fair to say that the situation is not as grim as many anticipated."
According to The Australian, the coming days will bring with them many key indicators about whether or not the Australian economy is healthy, or truly in crisis. These include the official survey of business investment, and the June-quarter national accounts.
Warns the article, another fall in mining investment could confirm that the resource boom is, indeed, waning.
The Australian goes on to note a few key points about the state of trade between Australia and China. "The terms of trade - which is the relationship between the average prices Australia gets for its exports and those it pays for its imports, and is a measure of the income Australia gets from trade - has fallen by 15 percent from its peak, as new supplies rise and China's demand stops growing quite so quickly," the article maintains. With that said, the terms of trade are still 60 percent above the long-term average, which means the China boom is still paying huge dividends to the nation of Australia.
1Wealth Partners concludes by noting that, no matter the future of the Australian economy, its own investors need not worry. "Investors who use the 1Wealth Partners platform are able to generate significant returns, even during the bleakest financial conditions," the company emphasizes. "We do not believe the Australian situation to be dire, but even if it were, it would prove only a minor setback for our investors."
1Wealth Partners is a well-respected trading platform, primarily in play in Australia.
1Wealth Partners offers stock market software that provides maximum accuracy and efficiency to corporate and individual stock market traders. The company has been in Australia since 2003 and has developed a solid reputation for getting results. Their investment hub is based in Sydney, with offices spread across countries all over the world. The vision of 1Wealth is to partner investors with the technological tools and financial strategies they need to generate consistent stock market revenues, and ultimately to generate lifelong earnings.