25 Mar 2014
Five keys areas to revive Australia's growth story - Deloitte
FXStreet (Bali) - A new study published by Deloitte on Monday identifies the gas sector as one of the five areas with most potential to underpin Australia's growth story for the next 20 years.
In Deloitte's report "Positioning for Prosperity? Catching the next wave", analysts found 25 sectorial hotspots; as part of this list, Deloitte identified five key sectors expected to attract strong investment opportunities from the ever increasingly deeper Asian pockets. These sectors will help Australia stay near the top of the world’s prosperity charts. The sector include gas, agribusiness, tourism, international education and wealth management.
According to Deloitte, output of LNG is expected to increase by 250% in 3 years. "If we achieve that, we could surpass Qatar to become the world's top LNG producer," the consulting firm said.
We have been publishing some LNG (liquefied natural gas) related articles in te past, and its consequence in the Australia Dollar. See articles below:
- Hard for FX markets to ignore the Australian LNG story - Westpac
- AUD/USD, will macro traders buy into Aus LNG story?
Deloitte expects that the revenue accumulate by these five sector may add $250 billion to the economy over the next two decades, closing in the gap with the mining-generated revenue, which currently makes up for 10% of the economy.
In Deloitte's report "Positioning for Prosperity? Catching the next wave", analysts found 25 sectorial hotspots; as part of this list, Deloitte identified five key sectors expected to attract strong investment opportunities from the ever increasingly deeper Asian pockets. These sectors will help Australia stay near the top of the world’s prosperity charts. The sector include gas, agribusiness, tourism, international education and wealth management.
According to Deloitte, output of LNG is expected to increase by 250% in 3 years. "If we achieve that, we could surpass Qatar to become the world's top LNG producer," the consulting firm said.
We have been publishing some LNG (liquefied natural gas) related articles in te past, and its consequence in the Australia Dollar. See articles below:
- Hard for FX markets to ignore the Australian LNG story - Westpac
- AUD/USD, will macro traders buy into Aus LNG story?
Deloitte expects that the revenue accumulate by these five sector may add $250 billion to the economy over the next two decades, closing in the gap with the mining-generated revenue, which currently makes up for 10% of the economy.