The increase in business investment now underway will in due course add to the economy's productive capacity. It also offers the prospect of a pick-up in export volumes, particularly in the resources sector.
The increase in business investment now underway will in due course add to the economy's productive capacity. It also offers the prospect of a pick-up in export volumes, particularly in the resources sector.
It is not hard to appreciate that this provides a significant boost to incomes and spending. With exports representing about a fifth of GDP, each 10 percent increase in the terms of trade adds about 2 percent to the value of national income.
© 2020 Inspirational Stories
© 2020 Inspirational Stories