Five constraints on medium term investment returns

Dr Shane Oliver, Head of Investment Strategy & Chief Economist insights

Five megatrends suggest higher medium term inflation pressures & lower economic growth than pre-pandemic.

These are: a move away from economic rationalist policies; the reversal of globalisation; rising geopolitical tensions;

climate change and decarbonisation; as well as slowing and aging populations. A productivity boost from artificial

intelligence should provide some partial offset though.