When it comes to understanding the Aussie economy, you can shelve the complicated Reserve Bank of Australia reports.
Australian Economy News: Updates and Insights on Australia's Economic Landscape
When most people think about the ‘Australian Economy’, the first thing that’ll often come to mind is mining and banking. Two industries that dominate our total productive output both locally and abroad.
It is, however, a little more intricate than that...
Australia is a prime exporter of many commodities. Many of which are mined, but some of which aren't. And while iron ore has certainly been our forte for a number of years now, we have quite the unique mix of materials across our vast country.
See our local businesses, but especially retail, are also enduring hardship. The latest trade data posted on Thursday highlighted the ongoing conundrum. Record high exports to both the US and China has seen the surplus grow massively.