New Report Available: Australia Shipping Report Q3 2013
The Australian economy continued to grow at the end of 2012 (0.6% quarter-on-quarter in seasonally adjusted terms) with this performance supported by the improvement in export performance. However, BMI does not expect external demand to remain resilient in 2013, impacting the country's shipping sector, and we believe that the soft domestic economy will also weigh on headline growth, which we expect to slow to 2.1%. That said, we see upside risks to 2013 GDP stemming from the potential for politicians...
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