New Market Report: Australia Shipping Report Q3 2014
We believe our forecasts for a weaker Australian dollar and lower long-term yields remain well placed, as economic indicators are deteriorating in line with our expectations for growth to slow. We see the economy struggling on the domestic and external fronts, due to a rigid labour market and weakening demand for commodities from China. The latter point will prove the most detrimental to Australia's shipping industry over the short term.
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