The Department of Industry, Innovation and Science (or DIIS) anticipates Australia’s resource and energy export earnings to hit a new record of $282 billion in 2019-20, despite higher volatility in the commodity markets.
- The higher export volume and depreciated currency to support the export earnings;
- The status of the world’s second-largest gold producer amid lower economic confidence to likely help Australia;
- DIIS estimates the 2020–21 earnings to fall to $258 billion (previous forecast $261 billion) amid a rising exchange rate, slowing industrial production, and the steady return of Brazilian iron ore production to normal after supply disruptions.
There is no investor left unperturbed with the ongoing trade conflicts between US-China and the devastating bushfire in Australia.
Are you wondering if the year 2020 might not have taken the right start? Dividend stocks could be the answer to that question.
As interest rates in Australia are already at record low levels, find out which dividend stocks are viewed as the most attractive investment opportunity in the current scenario in our report.