BIS Shrapnel far too rosy on mining investment bust

Sunday 29 November 2015

BIS Shrapnel has released a new report, Mining in Australia, which forecasts that Australian mining investment will fall a further 58% over the coming three years. From Peter Martin:

Excluding oil and gas, mining investment had already halved since the peak, and would fall a further 40 per cent over the next two years: a 70 per cent decline overall from top to bottom.

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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.