08.08.2014 - Australia: Economy surviving commodity peak
The Australian economy typically underperforms in the aftermath of commodity price peaks, but that's not the reason for the latest rise in unemployment. The tough times typically arrive after the price peaks, when prices are still relatively high. There have been four major rises in Australia's export prices in the past 50 years (using the price measure for goods exports from the national accounts, converted into foreign currency values using the RBA's trade-weighted index of the Australian dollar)...............................................Full Article: Source
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