Australia’s services exports have been smashed – and that’s not good for jobs | Greg Jericho – The Guardian

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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