Financial Review Business Summit: Jim Chalmers vows faster gas, mining project approvals

BlackRock global chief investment strategist Wei Le says investment portfolios need to reflect changes in the macroeconomic environment. “We’re now in an environment shaped by supply constraints coming from an ageing population, labour shortages coming from the low carbon transition and also coming from geopolitical fragmentation,” she says.

She describes the old macroeconomic regime as one that began in the 1980s and ended before the pandemic. “It was a period with reasonably predictable markets and macro volatility and that was possible because that was also a period of steadily increasing production capacity,” she says. The current macro environment is more uncertain and volatile and central bankers face tougher trade-offs, she adds.

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Financial Review Business Summit: Jim Chalmers vows faster gas, mining project approvalsTreasurer Jim Chalmers tells the AFR Business Summit Labor will streamline the approvals process for gas and mining projects to better support the environment and economy. Follow updates here.
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