Our resident economist, Stephen Koukoulas, in Guardian Australia - TopicsExpress

Our resident economist, Stephen Koukoulas, in Guardian Australia talks about our deteriorating terms of trade. The terms of trade remain one of the most interesting and hard-to-predict aspects of the Australian economy, but with rising global production for many commodities Australia produces and with demand growth moderating, the outlook points to further falls. This means that interest rates will remain very low for a long time and the return to budget surplus, barring a policy brain snap from the government, may be pushed further down the track. Full article: theguardian/commentisfree/2014/aug/06/trade-on-our-terms-looks-a-long-way-off-as-does-a-budget-surplus?CMP=twt_gu

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