One of the major structural adjustments that will take place over the next three years is the unwind of the biggest mining investment boom in Australia’s history, which will see many thousands of jobs lost across construction, mining services, and other ancillary industries.
As shown in the chart below, the current mining investment boom is unprecedented, peaking at around 7.5% of GDP in June 2013 and tracking at 6.9% of GDP as at June 2014:
