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The Institutional Real Estate Letter - Australia

March 1, 2014: Vol. 3, Number 1

Retail therapy: The downturn in mining spending could hit consumer confidence and threaten retail assets' role as a defensive play

Author: Alex Frew McMillan

The Australian stock market posted decent gains, up 15 percent for the year, in 2013, making it the best-performing market in the Asia Pacific region outside Japan. But a lull in spending in the mining industry poses a serious threat to the country’s economic growth.

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