The US reinvents itself yet again

Please click the link below to view Shane Oliver's views on the US Market.

Key points are

 

  • The US economy is yet again reinventing itself.  This has been helped along by a determination to get the US economy moving again after the global financial crisis but the real drivers are an energy boom, a manufacturing renaissance and American innovation.
  • Together these drivers could add as much as 0.5% to annual US economic growth in the decade ahead.
  • For investors, while a return to the sustained double digit returns seen through the 1980s and 1990s is unlikely, the turn for the better in the US is likely.