Is Australia Leaving the Purple Patch?
Kingsley Jones, Founder and Chief Investment Officer, Jevons Global
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Moody's surprise downgrade of China's sovereign credit rating preceded a drop in the Aussie dollar. Kingsley provides an analysis of Australia's fiscal position, the currency outlook, and the overall state of its economy.
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Tags: Moody's, China, sovereign credit rating, surprise downgrade, Australia, fiscal deficit, bank levy, mining levy, fiscal shortfall, wage growth, soft economic conditions, budget surplus, Malcolm Turnbull, currency weakness, sovereign credit ratings