GRI

Soft world growth affecting Australia’s commodity earnings

News Manufacturing & Supply Chain Reports
Date: 30th Sep, 2024 Source: Department of Industry, Science, and Resources Country: Australia Original Source

Brief

On 30/09/2024, the Department of Industry, Science, and Resources issued an update regarding Soft world growth affecting Australia’s commodity earnings. The report forecasts a decline in resources and energy export earnings over the next two years due to lower prices for bulk commodities such as iron ore, coal, and LNG. Earnings are expected to fall from $415 billion in 2023–24 to $354 billion in 2025–26.

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Department of Industry, Science, and Resources

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