Home > Trade > Aussie Exports likely to be unaffected by US Fiscal Standoff

Aussie Exports likely to be unaffected by US Fiscal Standoff

The standoff between the President and the US Congress continues after the Government was forced to shut down non-essential services and stand down more than 800,000 employees.
US politicians appear no closer to resolving the deadlock. But while markets remain frustrated with the current situation, a resolution is hopefully not too far away. For Australia, the impact on the local economy is unlikely to be significant if the issue is resolved before too long. With over 80% of Australia’s exports destined for Asia, any hit to Australia’s trade accounts will likely be undetectable. Source: BNZ Australian Markets Weekly

Australian Exports

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  1. Simon
    October 13, 2013 at 10:30 am

    China’s shrinking demand for raw materials will clearly impact heavily.

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