Australia Seeking More Immigrants To Tide Over Mining Wane

Manoj Wanzare, an Indian fund manager with a master’s in business administration, personifies Australia’s best bet to address the risk of a slump in income growth as the nation’s once-in-a-century mining boom fades.

Wanzare, 37, has the type of education credentials that Australia is singling out for credit in its immigration system. The initiative offers the prospect of increased productivity and a fresh pool of domestic demand amid a slowdown that’s seen the economy expanding at three quarters of a percentage point less than its average of the past decade.

“A migrant hops onto a treadmill at a different speed,” said Wanzare, a senior portfolio manager at Plato Investment Management Ltd. in Sydney who moved to the country six years ago. “Just to be where you are you have to run a bit harder.”


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Mingze Wu

Mingze Wu

Currency Analyst at Market Pulse
Based in Singapore, Mingze Wu focuses on trading strategies and technical and fundamental analysis of major currency pairs. He has extensive trading experience across different asset classes and is well-versed in global market fundamentals. In addition to contributing articles to MarketPulseFX, Mingze centers on forex and macro-economic trends impacting the Asia Pacific region.
Mingze Wu