New Market Report: Australia Pharmaceuticals & Healthcare Report Q1 2014
We maintain our broad view toward Australia's pharmaceutical and healthcare sectors, as new Prime Minister Tony Abbott stated that 'there will be no cuts to health'. While the country's ageing population will continue to spur demand for medical services, we note that a downside risk to our forecasts is potential cuts to healthcare spending as the country, like many other developed states, runs the risk of unsustainable health expenditure acceleration.
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