The key drivers pushing the Australian and New Zealand economies are commodity prices and their impa...
The key drivers pushing the Australian and New Zealand economies are commodity prices and their impact on currency. Australia has benefited the most, especially through the export of iron ore to China. New Zealand has not been so lucky because it has a substantial non-commodity-based manufacturing sector. According to Stewart Cowley, fund manager of the Mellon Global Bond fund at Newton, what is happening in Australia and New Zealand can be linked to the growth of China. He points out this has been advantageous to Australia because China has needed its iron ore exports to help in its ...
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