That is the partial cause of the high inflation pressure and upward pressure for wages in Australia. These are not usual because most of the developed countries in the world are suffering from deflationary pressure and high unemployment.
Relying on the booming mining industry to prop the economy is just unsustainable because the current economic development model employed by those developing countries like China is just unsustainable so that they can not continue to buy more and more natural resources form Australia. Besides, Australian natural resources suck as ores are also limited. Cycles in economic development is just unavoidable although they can be mitigated to some extent by government's policies.
My opinion only.
- Forums
- Property
- swans spends $370 billion on oz mortgages!!
That is the partial cause of the high inflation pressure and...
-
- There are more pages in this discussion • 16 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Featured News
Featured News
The Watchlist
SER
STRATEGIC ENERGY RESOURCES LIMITED
David DeTata, Managing Director
David DeTata
Managing Director
SPONSORED BY The Market Online