65110
Australia Losing Vibrancy
Australia Losing Vibrancy

Australia Losing Vibrancy

Australia Losing Vibrancy

The boss of explosives group Orica has warned Australia risks facing a future that will look increasingly like “France and not Singapore” as the country loses its economic vibrancy and as China’s economy changes gear, ABC reported. “The dynamic, vibrant economy that I saw when I first came to Australia is not present any longer,” Alberto Calderon warned in an address to a Latin American business group late on Tuesday. “Our economy will look more and more like France, not like Singapore. But this is not inevitable; this can be changed.” The warning came as the easy gains to Australia’s exports from the surge in China’s standard of living, which had lifted demand for Australia’s exports of iron ore and coal, for example, is now maturing. Its rising standard of living and expanding middle class will lift demand for copper, instead, he said. “This optimism for the long-term copper outlook sits on the back of China’s economic progress and the increasing movement of its populace into the middle class,” Calderon said.

 

Short URL : https://goo.gl/099v6u
  1. https://goo.gl/mPQbGK
  • https://goo.gl/3TdiYL
  • https://goo.gl/GwGQ0Y
  • https://goo.gl/INUkbA
  • https://goo.gl/wzfpPT

You can also read ...

US has accused ABLV of money laundering and breaching  sanctions on North Korea.
The European Central Bank said Saturday it has determined that...
Mexico Hosts 39 Million Tourists, Earns $21 Billion
Mexico saw record revenues from international tourism in 2017...
S&P Ups Russia to Investment Grade
Russia received a long-awaited upgrade to its sovereign rating...
Debt to GDP ratios across the OECD averaged 73% last year and its members are set to borrow $14.67 trillion from the markets this year.
The world economy is at risk from a rising tide of government...
Peru Deficit Narrows
Peru had a current account deficit of 1.3% of the gross...
China’s Geely Buys $9 Billion Daimler Stake
The founder of Zhejiang Geely Holding Group Co. has...
Thorny issues such as content rules for  cars remain unsolved.
It’s looking increasingly likely Nafta talks will extend...
Manafort Indictment Spells Trouble for Bankers
Recently filed federal charges against President Donald Trump’...

Add new comment

Read our comment policy before posting your viewpoints

Trending

Googleplus