Quote:
Originally Posted by DeWynter
Australian coal export is $67B - huge money for our economy
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Umm, Ilya.. actually it's not huge money for our economy at all... it represents currently 3.5% of GDP.. (& that figure is as a result of a spectacular price increase in 2018).
It is still not such a significant portion of our GDP & thus will not have the dire consequences that we are told it will... consequences of a negative nature, sure but, not the economy busting doom & gloom that some would have us all believe... I'm sorry, the facts just don't support that line...
Not exporting coal will not create a GFC for Australia..., seriously, it just won't
If our economy teeters on the brink as some would have you believe from a loss of 3.5% of GDP then, this country is already in dire straits...
Edit: This is especially poignant, since we were poised to grant $50 billion in corporate tax cuts??
Figures referenced from here:
https://www.rba.gov.au/publications/...lian-coal.html