Iron ore and coal generate $10.6 billion trade surplus
May 8, 2020
Strong positive news for Australia, especially WA as March saw a $10.6 billion monthly trade surplus suggesting exports to China could help lessen the blow for Australia’s cliff-like fall due to COVID-19.
AFR subscribers click here to read the full article.
This is a brief summary of the article ‘Trade surplus hits $10.6 billion thanks to iron ore, coal’ by Matthew Cranston | The Australian Financial Review – AFR | Thursday 7th May 2020.
Read Our Other Articles
Quick recovery could reduce Government bailout spend
The JobKeeper and JobSeeker schemes, originally budgeted to cost $130 billion with the expectation that 6 million people would...
7 reasons why WA is well positioned to bounce back from COVID-19
Finance Minister Mathias Cormann believes the WA economy will economically bounce back from COVID-19 pandemic for seven key reasons....
“Gold standard” testing suggests COVID-19 is heading for extinction in WA
COVID-19 may be on the brink of extinction for Western Australia as “gold standard” testing measures continue to reveal...
WA’s resources sector key driver in Australia’s economy
It is good news for Australia’s economy with the mining sector set to re-establish itself as a key driver...
Construction industry showing signs of recovery
Employment in construction has risen 1.5% in WA since the COVID-19 trough in April with data from the Australian...
Griffin’s Project Completion
Griffin's Project Completion Introducing: BUTLER MEDICAL CENTRE Griffin Projects Group developed a successful project this year in the...
Increased property market confidence following Federal election
Property investor activity has increased following the election of Liberal leader, Scott Morrison as Prime Minister. The culmination of...
Shanghai and Perth economic boom
Shanghai and Perth have developed immensely over the decades and former premier Colin Barnett has expressed that we can...
A SURGING RESOURCES SECTOR DRIVING RECORD JOB OPPORTUNITIES
By the end of 2022 the total number of people working in the State’s surging resources sector will surpass...
Export dividends to rejuvenate WA’s economy
Great news for WA as US based energy giant Chevron finally sealed its position as a long-term powerhouse in...
