The largest holding of foreign investment in Australia is by the United Kingdom, reflecting a history of over 200 years of investment and the fact that, as a major financial centre, a lot of investment coming to Australia from other parts of the world is channelled here via UK funds managers.
The restoration of global growth with the easing of restrictions in many jurisdictions along with increasing vaccination rates and improving jobs market could contribute to domestic recovery through improvements in exports and remittances. Moreover, the CREATE Act could shore up investments and business activity and, in turn, boost the country’s actual and potential output.