Infrastructure spend could help push growth despite bleak outlook

Speaking at the Professional Adviser Management Retreat today (15 May), investment strategist Joachim Klement said economic growth would be hard to come by in the next five, ten or even 20 years. "I am bullish on equities at the moment and very bullish on infrastructure and alternatives," he told delegates. Klement added that there is lack of public and private infrastructure which could help with productivity growth, however. "There is a lot of investment opportunity out there," he said. "Reducing investment in infrastructure is holding us back – this is a key thing we need to add...