03-10-2023, 09:20 AM
Plummeting prices for key exports are on track to deliver the country a $116 billion revenue cut over the next 18 months, hitting an economy already struggling with the Reserve Bank’s aggressive tightening of monetary policy.
As the RBA considers its first interest rate move since June on Tuesday, Industry Department forecasts of a $67 billion drop in earnings from resources and energy exports this financial year and a further hit of more than $48 billion in 2024-25 highlight the perils facing the economy.
https://www.theage.com.au/politics/feder...5e90l.html
As the RBA considers its first interest rate move since June on Tuesday, Industry Department forecasts of a $67 billion drop in earnings from resources and energy exports this financial year and a further hit of more than $48 billion in 2024-25 highlight the perils facing the economy.
https://www.theage.com.au/politics/feder...5e90l.html