Australia Spends Big to Drive Economic Delivery After the Pandemic
The Morrison government intends to spend big on infrastructural projects to drive the economy to recovery after the Covid19 pandemic. Each of the states will get billions in infrastructural funding to create jobs and jumpstart spending. Further funding will depend on whether the said states will have used the initial funding. This is meant to force the beneficiary states to start and run projects as soon as possible and spend the cash before the next round of funding. According to Quentin Flannery, the positive effects of this move will be enhanced productivity and increased jobs. He further estimates that there will be over 24 months of commodity bull runs across Australia as money finally reaches the pockets of its citizens. With the shrinking of the economy due to the Covid19 pandemic, this cash injection into the economy would not have come at a better time.
About Quentin Flannery
Quentin Flannery is an experienced marketing and financial guru with years of experience in the coal industry. His longest stint was at Yancoal Australia Limited (ASX: YAL) where he was charged with a $1BN market. He was key to expanding the company across Asia, starting with China. He is a director in several family investments where he uses his experience to oversee trading and strategy for the investment portfolio, especially in the energy sector. Besides, he is one of the directors at a weather-based commodity trading hedge fund called Elysian Capital and sits on boards of several other start-ups. Quentin has a Bachelor of International Studies majoring in the Chinese language from the Queensland University of Technology.