18.03.2013 - Australia ‘hit by commodity price drops’
Australian Treasurer Wayne Swan on Sunday warned of a "dramatic" hit to the government’s bottom line due to commodity price falls, steeling consumers for an austere budget in an election year. Mr Swan said the government’s revenue had taken a "massive hit" from a plunge in its terms of trade — the value of exports measured against imports — with prices for its key mining products down but the Australian dollar remaining high...............................................Full Article: Source
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