Australia in an income recession?

13 Jan 2016

Investors tend to look at real gross domestic product as an indicator for the outlook of asset returns. Our research explains in fact it is aggregate income that directly underpins intrinsic asset values – and the outlook is not encouraging.

In this article, we highlight the differences between income and output as a measure of economic growth, the drivers of the recent decline in income versus output, and the impact this has for investors.

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