Australian shares tipped to outperform globals in 2021 Normal text size Advertisement Australian investments could outperform overseas markets this year because of the country’s aggressive handing of the coronavirus to keep the economy afloat and government financial support that has enabled consumer spending to bounce back quickly. David Bassanese, chief economist at Exchange Traded Funds provider BetaShares, says of all of the economic recovery scenarios, a “V-shape” appears most likely for Australia and for the world as vaccines are rolled out. “In terms of all the scenarios we had prepared for, it’s turning out that we are close to a best-case scenario, with a lot of positives to consider,” he says.