Last week’s ABS data showing falling private sector capital expenditure (capex) got a lot of headlines about ‘darkening outlook for the economy’. Was the gloom justified?
Having witnessed first-hand what the Netherlands is capable of with only 185th of the landmass of Australia, our target of $100bn agri-food farm gate value by 2030 seems almost modest.
Last Friday, Australian time, the US placed another US$16bn worth of tariffs on imported goods from China. The real possibility of tariffs on a further US$200bn of Chinese imported goods into the US remains a far more significant risk to global economic conditions.
If you spend all your time looking for the next big thing of the future you will miss all the little evolutions that are creating it right now.