China Slowing Is (Really) Bad News for Australia

10/29/18 08:48AM EDT

https://youtu.be/Del2bohD0z8

With a huge economy like China’s slowing for nearly all of 2018, other countries were bound to feel the effects.

Case in point: Australia.

It has been one of the hardest hit as China has slowed – especially in residential and business real estate. And if China continues to slow – as Hedgeye predicts it will through at least early 2019 – that could mean bad news for Australia in the near term, according to Hedgeye Financials analyst Josh Steiner.

“China went from $32 billion to about $15 billion [in real estate investment] – or just about a 50% decline – in just one year,” Steiner explains in the clip above.

“That’s a massive slowdown and just an enormous shift.”

Watch the clip above for more.

China Slowing Is (Really) Bad News for Australia - hedgeye risk manager

© 2019 Hedgeye Risk Management, LLC. The information contained herein is the property of Hedgeye, which reserves all rights thereto. Redistribution of any part of this information is prohibited without the express written consent of Hedgeye. Hedgeye is not responsible for any errors in or omissions to this information, or for any consequences that may result from the use of this information.