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You will recall we had previously written that performance for all asset classes this year will likely be underwhelming, and that we think equity markets will largely be range bound with substantial volatility.

In our 8 December 2021 update, we noted our Asia Growth Barometer had turned positive and the Chinese authorities were taking action to stimulate their economy via credit expansion.

This year’s Federal Budget covers a range of measures aiming to reduce the pressure from increased costs of living and help more people into homes. Note: These changes are proposals only and may or may not be made law.