Key View

• Increased government funding will contribute to strengthening of Australia’s pharmaceutical sector.
• Healthcare will remain a key spending priority in Australia with the budget beginning the long overdue process of rebuilding and strengthening Medicare to ensure it can meet the health needs of citizens.
• Australia’s government will

Key View

• We expect increased momentum for Australia and Chile’s ‘green’ steel development following BHP and CAP’s recent ventures into lower carbon steelmaking.
• The efforts of both firms will bolster the global green steel projects pipeline alongside Europe’s growing capacity.
• However, we still expect industrial level production of green

Key View: Strong consumer demand - underpinned by government incentives and a flood of new models entering the market - will see strong passenger EV sales in 2023, and over the longer term to 2032. We forecast that passenger EV sales will expand by 66.4% in 2023, followed by an average annual growth rate of 19.2% leading up to 2032. This will see

Key View

• Healthcare expenditure in Australia will register strong growth over the medium term, supported by the government’s health systems and social welfare.
• Australia’s Primary Health Care 10-Year Plan will be a major push for continued strong investment in Australia’s primary care landscape.
• We believe uptake in private health insurance

Key View

• The Australian economy grew by 2.7% y-o-y in Q422 and brought full-year growth in 2022 to 3.7%.
• Still elevated inflation and more monetary tightening (than we had initially expected) will weigh on the growth outlook in 2023, although we expect an improving trade outlook to provide some support.
• As such, at Fitch Solutions, we have

Key View

• Australia’s medical devices market will register mid-single-digit growth in both local currency and US dollar terms over 2021-2026 forecast period.
• Commitments to healthcare made by the Australian federal government in the latest budget update will support the medical devices market.
• Weakening Australian dollar will impact Australia

Key View

• Australian exporters of food, drinks and consumer products to India will be some of the main beneficiaries of the free trade agreement that is expected to come into effect on December 29 2022. According to the Australian government, Australian exporters will save approximately USD2bn per year on tariff eliminations alone once both

Key View

• Australia’s LNG exports are set to decline in 2023 for the first time in a decade due to a combination of declining gas production and an ongoing reorientation of natural gas supply to the domestic market in order to meet strong domestic demand.
• Inadequate domestic supply risks a potential shortfall of natural gas in Australia’s east

Key View

• The Australian economy softened in seasonally adjusted terms from 0.6% q-o-q in Q322 to 0.9% in Q222, and we at Fitch Solutions expect the coming quarters to be even more lacklustre.
• Elevated inflation, tighter financing conditions and lower house prices will weigh significantly on domestic demand, and the outlook for global demand

Key View

• Australia's policy momentum for a low-carbon power sector is accelerating, supporting the expansion of renewables and giving developers and investors increasing clarity and certainty for policy support in the renewables sector.
• Power companies are also expediting the phasing out of conventional thermal power plants under their