Com­mod­ity Re­bound from Mid 2016: Oz

The Economic Times - - Commodities Plus -

The global com­mod­ity rout looks set to hit a bot­tom with Aus­tralia, a key bell­wether for the re­sources in­dus­try, fore­cast­ing the value of its com­modi­ties ex­ports will re­sume ris­ing from the sec­ond half of 2016. Ex­port earn­ings will rise by al­most a third to A$208 bil­lion ($157 bil­lion) by fis­cal 2021, the gov­ern­ment’s De­part­ment of In­dus­try, In­no­va­tion and Sci­ence es­ti­mated on Fri­day in a quar­terly re­port.

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