November recovery looks positive as iron ore prices surge

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

Got a comment? Leave your thoughts in the comments section, below. Please note comments are moderated before publication.

About This Source - Sky News Australia

Sky News Australia is an Australian 24-hour cable and satellite channel available on the Foxtel and Optus Television subscription platforms. It is also available in New Zealand on Sky Television and Vodafone. The channel combines factual news reporting with right-wing punditry and panels.

Recent from Sky News Australia:

  • While governments ‘shift blame’ the ‘big losers’ are farmers and irrigators
  • Government will ‘vigorously defend’ Australian wine industry from China’s allegations
  • Australia entering post-COVID 2020 where citizens must remain nested with ADF
  • Leave a Comment

    We don't require your email address now, just your name. BUT, if you do add it, you may be notified if there are replies to your comment. Please make respectful comments, which add value, and avoid personal attacks on others. Comments failing to adhere to these guidelines will not be published.