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Commodity boom shields Australia from global slowdown

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Commodity-rich Australia is one of the very few countries to receive an economic growth upgrade by the International Monetary Fund, after the global outlook was slashed due to war in Ukraine and soaring inflation.

In an exclusive interview, IMF division chief for Australia, Harald Finger, said Australia would receive a boost from the surge in the price of commodities such as gas, iron ore, coal and wheat.

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John Kehoe is economics editor at Parliament House, Canberra. He writes on economics, politics and business. John was Washington correspondent covering Donald Trump’s first election. He joined the Financial Review in 2008 from Treasury. Connect with John on Twitter. Email John at jkehoe@afr.com
Ronald Mizen is the Financial Review’s political correspondent, reporting from the press gallery at Parliament House, Canberra. Connect with Ronald on Twitter. Email Ronald at ronald.mizen@afr.com

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    Original URL: https://www.afr.com/policy/economy/commodity-boom-shields-australia-from-global-slowdown-20220419-p5aebo