Ever since the GFC interest rates around the world have been on a trajectory to zero, which acted as a proxy tax on investing for retirement for millions. But the current economic is a whole new ball game, writes Drew Meredith.
Australia may have fared better than its international peers, but markets still took a pummelling in 2022 with traditional safe havens and equities alike bearing the brunt in a wildly dislocated market.
A recent survey shows 74 per cent of Australian business leaders expect profits to increase in the year ahead, despite a still-challenging outlook and sticky inflation.
