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

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