Demand for iron ore by the impact Australia's economy is looking forward to new atmosphere

Published on:2015/1/7 11:23:57

Keyword:hardware
Introduction:Hostage incident occurred less than a week in Sydney, Australia's prime minister, Tony abbott announced to huge cabinet reshuffle, David Johnston, the...

& have spent& have spent& have spentHostage incident occurred less than a week in Sydney, Australia's prime minister, Tony abbott announced to huge cabinet reshuffle, David Johnston, the outgoing defence secretary, a number of ministries to adjust.

& have spent& have spent& have spentAlthough there is no direct relationship between cabinet reshuffle with terror, but Australia's recent economic development but it is hard not to become another kind of "fear".

& have spent& have spent& have spentThe Australian government on December 15, 2014, greatly reduced the economic forecast, the government in the economic report pointed out that the slump in global commodity prices, as well as the opposition of cutting spending plan, should will make Australia a few years ago or for one of the world's most prosperous economy prospects are grim.

& have spent& have spent& have spentAustralian government economic forecast, according to the Australian economy from 2014 to 2015 are expected to be 2.5% of the increase, but not enough to prevent unemployment from current levels rising to 6.5% 6.3% of 12 years.

& have spent& have spent& have spentThe new cabinet pressure of

& have spent& have spent& have spentAbbott said in announcing a new cabinet, the cabinet shuffle master if to ensure that the government will focus on creating employment opportunities and family problems.Because the government savings measures are controversial, he also stressed the new cabinet will focus on financial problems.

& have spent& have spent& have spentAbbott said: "the new cabinet, I in the New Year, the government hopes that the business as a top priority."

& have spent& have spent& have spentReleased in May 2014 by abbott government took office in September 2013 after a budget, first tried to tightening, ending the government deficit as soon as possible.Although the budget approval by economists think its long-term stability of the Australian economy has positive significance, but ordinary people because of its benefits is affected and objections, lead to abbott himself with the government's popularity fell.

& have spent& have spent& have spentPoll, the support of the ruling party in Australia but 46%, while the opposition Labour party's approval rating reached 54%.For prime minister abbott himself, more worrying, only a third of voters think he is suitable for Australia.

& have spent& have spent& have spentAnalysts believe that abbott hope that through this cabinet reshuffle, win more and more public support for the budget with the government.

& have spent& have spent& have spentChinese academy of social sciences institute of world economy and politics, deputy director of international political economics research Xu Xiujun comment, in fact, since the outbreak of the financial crisis, Australia's economic growth is very slow, abbott in 2014 introduced a series of measures to promote the development of economy, but the overall economy development pattern has not changed, so its effect.

& have spent& have spent& have spentThe news that Australia's GDP rose 0.3% in the third quarter 2014, far worse than market expectations of 0.7%;Year-on-year growth of 2.7%, the same as the expected growth of 3.1%.Analysts pointed out that the latest economic data show that the global mining investment boom receded, the Australian economy will face a major challenge.

& have spent& have spent& have spentElse, the ministry of commerce research institute, deputy director of the international market research, the researcher Zhang Xiaoyu told the international business newspaper reporter: "although china-australia fta negotiations have ended, but related terms of mutual benefit has not yet come into effect, need to Australia's parliament agreed to take effect."

& have spent& have spent& have spentIron ore hardest hit

& have spent& have spent& have spentAustralian industry recently, given the global iron ore supply, the main demand of our country's economic slowdown, leading to weakened demand for iron ore, iron ore prices in the future is likely to remain at an average of $63 a tonne level.The prediction than Australian resource economics department in September 2014 to $94 a tonne was reduced by 33%.

& have spent& have spent& have spentAnalysis thinks, with companies such as BHP billiton Rio tinto, will keep increasing production capacity, in 2014 iron ore prices fell by 49%, if the downturn in demand in China, the 2015 price may even dropped to below $60 per ton.

& have spent& have spent& have spentAccording to understand, as commodity prices continue to slump, Australia's parliament house of lords against abbott and hesitated to pass a budget, supporters of the conservative government over the past year loss than any government for nearly 30 years."The present international commodity prices are on the downside, the iron ore is no exception. The Australian economy faces a major challenge to China's economic slowdown, leading to weakened demand for iron ore has very big relations."Zhang Xiaoyu said.

& have spent& have spent& have spentInternational credit rating agency moody's report points out: "the Australian economy is in a dilemma, mining investment has cooling, and the lack of other engine of growth. The current low interest rates did not provide the enough support mining growth."

& have spent& have spent& have spentXu Xiujun analysis think about it, standing in the global economy perspective, the whole commodity prices continued downward, it has to do with the whole world economic recovery is weak, make energy demand growth is slow.Export-oriented countries and Australia are dependent on resources, iron ore is the main export commodities, so the impact is very big.

& have spent& have spent& have spentAustralia lowered expected iron ore prices is also a kind of forced to act in the future.Commodity prices downward to Australia's future economic development impact, and in the short term, prices have raised the possibility is very small."So, if Australia in its Angle is not offering reform measures, such as services, manufacturing, until at least the first half of 2015, the country will remain low economic growth, it is difficult to change."Xu Xiujun said.