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Please note that tax, investment, pension and ISA rules can change and the information and any views contained in this article may now be inaccurate.
$204bn: Aussie mining exports

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Please note that tax, investment, pension and ISA rules can change and the information and any views contained in this article may now be inaccurate.
Improving commodity markets could see Australia’s energy export earnings hit a record $204bn (£123bn) in the year to 30 June 2017 – but still may not be enough to stave off recession.
Australia, which has not experienced a two quarter contraction
in GDP for 25 years, reported a 0.5% dip in output for the quarter
to 30 September 2016.
Rising household debt driven by a real estate boom has started to weigh on consumer spending while a downturn in the commodity cycle increased unemployment outside major east coast cities.
Mining companies have been delaying investment decisions due to an uncertain demand.
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