Australia is “more resilient than the average advanced economy and that’s a positive going into an era like this which is probably going to be a bit of a bumpy ride in the next couple of years,” he said in an interview Tuesday. “Especially in the era of climate change, we see very strong demand for a lot of the resources that Australia has.”
Singaporean sovereign wealth fund GIC Pte. plans to invest more in Australia as a haven from inflation thanks to its energy production potential and low debt.
GIC sees Australia as an attractive destination, particularly for investments in the green energy transition and real estate, said Chief Executive Officer Lim Chow Kiat.
