Original article by Alex Gluyas
The Australian Financial Review – Page: 21 : 23-Apr-25

The S&P/ASX 200 Index has shed more than nine per cent since reaching a record high in mid-February. MST Marquee believes that the local bourse is set for a further decline; senior research analyst Hasan Tevfik says both corporate profits and economic growth are set to fall. The general consenus of market watchers is that companies in the ASX 200 will record earnings growth of about nine per cent in 2025-26, but MST anticipates a modest earnings contraction; this in turn will result in an earnings-per-share recession. Tevfik notes that Australia has experienced a bear market in each of the last six such recessions.

CORPORATES
STANDARD AND POOR’S ASX 200 INDEX, MST MARQUEE