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China slowdown to hit Australia's resources export earnings
Australia's resources and energy exports are expected to decline in the next two years due to weakening global demand, especially from China. The country's commodity export earnings are forecasted to fall to A$400 billion in 2023/24 and A$352 billion by 2024/25. Slower growth in China's property sector will lower demand for steel, impacting iron ore exports.
Australia's resources and energy exports are expected to decline in the next two years due to weakening global demand, especially from China. The country's commodity export earnings are forecasted to fall to A$400 billion in 2023/24 and A$352 billion by 2024/25. Slower growth in China's property sector will lower demand for steel, impacting iron ore exports. 
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