Australia will be recession-proof for at least the next five years due to our booming mining industry, a new economic forecast from BIS Shrapnel predicts.
The industry forecasting firm claims high commodities prices are resulting in massive income flows, which in turn are prompting further investment in productive capacity.
The 15-year forecast claims Australian mines will make up for shortfalls in other areas of the economy thereby underscoring economic growth of between 2.5 and 4.5 until 2013.
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Posted by: nick Matyas | 14 January 2010 at 08:22 PM
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Posted by: nick Matyas | 15 January 2010 at 08:13 PM