More sell ’em services delusion

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By Leith van Onselen

Business Spectator’s Victoria Thieberger has penned an article today spruiking the great boom in services exports which can apparently more than offset the commodity bust:

Earnings from services exports last year totalled $59 billion, a little less than the $66bn earned from iron ore exports, and are growing quickly.

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About the author
Leith van Onselen is Chief Economist at the MB Fund and MB Super. He is also a co-founder of MacroBusiness. Leith has previously worked at the Australian Treasury, Victorian Treasury and Goldman Sachs.