The surge in the trade surplus to a record high in December shows that the rise in commodity prices is boosting the economy and it has dramatically reduced the chances that Australia fell into a recession late last year. That’s despite other news that has further weakened the outlook for dwellings investment.
Become a client to read more
This is premium content that requires an active Capital Economics subscription to view.
Already have an account?
You may already have access to this premium content as part of a paid subscription.
Sign in to read the content in full or get details of how you can access it
Register for free
Sign up for a free account to:
- Unlock additional content
- Register for Capital Economics events
- Receive email updates and economist-curated newsletters
- Request a free trial of our services