http://www.bloomberg.com/news/2014-12-15/australia-s-budget-deficit-widens-to-a-40-4-billion-on-iron-ore.html (Michael Heath and Jason Scott)
Commodity price falls are impacting adversely. As revenues fall and fisc is constrained, unemployment will rise by mid 2015 to 6.5 %. The Reserve Bank's hope of a falling currency is coming in faster. The most worrying is that it is the worst 'terms of trade since 1959'...
Commodity price falls are impacting adversely. As revenues fall and fisc is constrained, unemployment will rise by mid 2015 to 6.5 %. The Reserve Bank's hope of a falling currency is coming in faster. The most worrying is that it is the worst 'terms of trade since 1959'...
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