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Showing 1 - 10 of 50 results for %22International Merchandise Trade%22

Go, iron ore, go

BENJAMIN ONG  |  WEDNESDAY, 28 APR 2021
... coronavirus infections within its shores. What Australia is losing in trade volumes -- the latest international merchandise trade data show that Australia's total exports to China dropped by 8.0% in February 2021 from a year ago, with iron ore exports ...

Chief economist update: Australia's virtuous cycle keeps on turning

BENJAMIN ONG  |  MONDAY, 29 MAR 2021
... which has already prompted China to impose import restrictions on Australian products. The latest international merchandise trade data show that Australia's total exports to China dropped by 8.0% in February 2021 from a year ago, with iron ore exports ...

Chief economist update: Strike while iron ore cools

BENJAMIN ONG  |  FRIDAY, 26 MAR 2021
... imposed trade restrictions, quotas, bans or whatever on Australian imports. So much so, that latest international merchandise trade data show that total exports to China dropped by 8% in February 2021 from a year ago, with iron ore exports dropping by ...

Chief economist update: Prepare for lift off

BENJAMIN ONG  |  WEDNESDAY, 27 JAN 2021
In its latest World Economic Outlook (WEO), the International Monetary Fund (IMF) has predicted a shallower contraction in world output for the year ended 2020 - minus 3.5%, down from the October forecast of a 4.4% contraction and the 4.9% decline it ...

Chief economist update: It's looking up for the land down under

BENJAMIN ONG  |  WEDNESDAY, 25 NOV 2020
... China," said ABS Head of International Statistics, Branko Vitas." This comes alongside the ABS' "International Merchandise Trade, Preliminary, Australia" that showed total exports increased by 6.0% to A$ 30,532 million in October from the previous ...

Chief economist update: Australia's third arrow

BENJAMIN ONG  |  WEDNESDAY, 30 SEP 2020
... supporting Australia's economy through trade. The Australian Bureau of Statistics' (ABS) 'International Merchandise Trade, Preliminary, Australia' report shows China remains our top export market - accounting for nearly 42% of our total ...

No room for policy mistakes

BENJAMIN ONG  |  TUESDAY, 22 OCT 2019
In its world economic update for October, the International Monetary Fund said that the global economy is in a synchronised slowdown. Growth for 2019 was downgraded again to 3%, its slowest pace since the global financial crisis. "This is a serious ...

Chief economist update: Synchronised forecasts for a synchronised slowdown

BENJAMIN ONG  |  WEDNESDAY, 9 OCT 2019
... deceleration in GDP growth (at market exchange rates) to 2.3% from 2.8% last year. Surprise, surprise but all four international institutions recommend a "coordinated fiscal response" given that monetary policy has seemingly become impotent. However ...

Thinning trade surplus shaves A$

BENJAMIN ONG  |  FRIDAY, 8 DEC 2017
... Australia's trade surplus to narrow in October but not by this much. The Australian Bureau of Statistics'(ABS) 'International Trade in Goods and Services report showed that the country's trade surplus dropped to just A$105 million in October from A$1.6 ...

Not as good as the headline

BENJAMIN ONG  |  FRIDAY, 7 APR 2017
... Us, Australians all, should be rejoicing at the Australian Bureau of Statistics' (ABS) report that the country's international trade surplus widened by 138% to A$3.57 billion in February from A$1.5 billion in the previous month. This is second best to ...
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