AUD getting positive local press: “record haul from energy and minerals” exports this year
In the Australian Financial Review today a story on major boost to the government’s budget from a dramatic upswing in resources and energy sales
- Unexpectedly resilient commodity prices are set to earn more than $1 trillion … over the next four years – a figure that is equivalent to almost 60 per cent of gross domestic product
Exporters will bring home a record $230 billion in earnings for 2017-18
- which represents a 10.6 per cent jump from last year
- thanks primarily to surging LNG shipments and higher prices
- as well as continuing robust coal and iron ore prices
The AFR (link to story is above) may be gated.
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