Blogotariat

Oz Blog News Commentary

Record gas and coal riches flow offshore

December 7, 2022 - 00:10 -- Admin

If you want bonafide proof of why soaring gas and coal prices are a ‘profitless boom’ for Australians, look no further than the Q3 current account data from the Australian Bureau of Statistics. It showed that Australia’s terms-of-trade (export prices relative to import prices) remained just below all-time high levels: Australia also recorded a $31.2

The post Record gas and coal riches flow offshore appeared first on MacroBusiness.