RBA’s Kent considers life after the mining boom
Australian economy is well into an adjustment, following the country’s mining investment boom
The Reserve Bank of Australia (RBA) broadly predicted the pattern of adjustment as Australia exits a boom period driven by mining investment, but was surprised by the magnitude of some effects, assistant governor Christopher Kent said today (September 13).
Speaking at an event in Sydney hosted by Bloomberg, Kent said mining investment had fallen and resource exports grown. Mining-related employment contracted, as expected, and growth in activity and employment in non-mining sectors rose. A
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