The one graph that explains the (worrying) end of the mining boom | Greg Jericho
by Greg Jericho from on (#DDEW)
Mining investment has shrunk rapidly and the transition from the boom relies heavily on housing investment - that's a rather large concern
The biggest issue in the Australian economy remains the transition from the mining boom. Figures out late last week showed how quickly mining investment has shrunk, and how greatly the transition is dependent upon investment in dwellings. That's a rather large concern, given worries about a housing bubble.
One graph can often convey what is going on with amazing clarity. This is the one that demonstrates why the end of the mining boom is a problem for Australia's economy:
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