Playing devils advocate here, Pete Wargent quoted the below: "Is...

Playing devils advocate here, Pete Wargent quoted the below:
"Is Australia on track to record a current account surplus twinned with a Federal Budget surplus? Well, we must be getting pretty close. Estimated iron ore export values exploded to a record A$8.8 billion in May 2019, leading to a mammoth record monthly result for Aussie dollar exports.", – Pete Wargent
"The annual value of Aussie dollar exports is off to the moon, in rapidly approaching $500 billion." – Pete Wargent
"This drove another record trade surplus, with the trend result being a surplus of $6 trillion." – Pete Wargent
"And finally, the lower Aussie dollar helped to power the tourism services balance to its highest level since forever." – Pete Wargent
Maybe things are not as bad as it seems?
Reference: http://petewargent.blogspot.com/