Australian shares outperformed global shares significantly last decade

Australian shares outperformed global shares significantly last decade. A lot of this owed to the resources boom and our absence of tech stocks which meant the Australian market largely missed the tech wreck. Since 2009 though, the relative performance of Australian shares has slipped. While several key global share markets have made new highs the Australian share market remains 20% below its November 2007 high. Why the recent under-performance? A combination of factors have played a role including tighter monetary policy, the strong $A, weakness in China, and the fact Australian shares reached a much higher high in 2007. But the lack of recent growth enhancing reforms and the productivity growth slowdown have likely also played a role in the relative under-performance of Australian shares in recent years. If we want strong sustainable economic growth we need to reinvigorate the economic reform process in Australia. Read More: (VIEW LINK)