Business
Australia’s services exports have been smashed – and that’s not good for jobs | Greg Jericho – The Guardian
The trade surplus remains but the reality is our exports of iron ore are making things look better than they really are
The latest trade figures show that Australia continues to export more goods than it imports. But while a trade surplus is generally regarded as a good thing, the reality is that our exports of iron ore make things look better than they really are, and the collapse of our services exports is a better indicator of the current state of the economy.
Ten years ago, Australians were anticipating something that was deemed a virtual impossibility the Australian dollar was about to achieve parity with the…
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