Sky News Australia published this video item, entitled “November recovery looks positive as iron ore prices surge” – below is their description.
Australia’s November economic recovery is looking positive as iron ore prices surge to another record high with borders also set to reopen. In relation to trade figures, iron ore was up $1.8 billion to $10.96 billion in the month of October and looking to stay up for November. The total price of exported goods also sat at $30.5 billion, with iron ore making up about a third of that. The Australian Tourism Council projected an uptick for the economy once borders reopening, saying the move was worth about $588 million a week. RBA Deputy Governor Guy Debelle warned the government, however, not to pull stimulus out from the economy too fast, and it should continue lending.Sky News Australia YouTube Channel