Advertisement
Right on cue following today’s trade data release, HSBC’s Paul Bloxham has returned with more “services will save us” hopium. From The AFR:
“The global perception of Australia is Australia is just a big mine and that with resources prices having fallen and the commodities prices under pressure Australia is going to have a hard time”…
The full text of this article is available to MacroBusiness subscribers
Cancel at any time through our billing provider, Stripe
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.
Advertisement