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| - | + | 500m boost for north qld nickel refinery is not enough to reverse decline and to rebalance energy markets," Mr Turnbull said.<br><br>"The economy will continue to grow, prices will remain high and we will have a healthy, [https://www.dubaidesigncircle.com/ 바카라] secure and [https://www.sportslivebd.com/ 바카라] prosperous energy market."<br><br>The announcement follows Mr Turnbull's visit to the port on Wednesday with his new chief of staff.<br><br>"If the prime minister truly believes that it's more economic policy to focus on the northern half of Australia," Opposition Leader Bill Shorten told Sky News on Thursday, "then he's clearly mistaken."<br><br>The plan is a direct rebalancing of Australia's energy economy, as a much longer-term change of direction towards Asia is needed to balance out the decline in Asian markets.<br><br>It also provides the Turnbull government with a clear political winner.<br><br>Since the Rudd government started its policy of a low-tax, low-regulation environment in 2010 the Australian dollar has surged to all-time highs, leaving the dollar-denominated economy with little room to rebound.<br><br>Last month the US currency index edged back into a bear market, before hitting a fresh high in December 2015.<br><br>With global markets becoming increasingly concerned with China's growing demand, including as it plans to ramp up capital flows to Australia, analysts say there is a risk there could be a reversal of momentum if the economy falls further under the $60 a barrel scenario.<br><br>One of the most obvious issues is whether the Federal Government will be able to protect jobs and jobs-related growth in the sector.<br><br>The Queensland-based Economics and Technology Institute, which last week put the jobless rate at 1.1 per cent in December, said the new policy was unlikely to boost growth.<br><br>"The Australian dollar is likely to be around or above its current level for the foreseeable future and while that may encourage domestic and foreign direct investment in the sector as the new policy is implemented, [https://www.earndoix.com/ 바카라] there is no evidence that this will lead to any improvement in the quality of the Australian economy," a spokesman said.<br><br>Australian Manufacturing Association spokesman Andrew White said a low-carbon economy was essential but "this will have to be built in in a fashion that is sustained, consistent and well-designed".<br><br>Topics: government-and-politics, federal---state-issues, states-and-territories, economic-trends, business-economics-and-finance, electricity-energy-and-utilities, mining-industry, australia | |
Revisión de 03:15 9 jun 2020
500m boost for north qld nickel refinery is not enough to reverse decline and to rebalance energy markets," Mr Turnbull said.
"The economy will continue to grow, prices will remain high and we will have a healthy, 바카라 secure and 바카라 prosperous energy market."
The announcement follows Mr Turnbull's visit to the port on Wednesday with his new chief of staff.
"If the prime minister truly believes that it's more economic policy to focus on the northern half of Australia," Opposition Leader Bill Shorten told Sky News on Thursday, "then he's clearly mistaken."
The plan is a direct rebalancing of Australia's energy economy, as a much longer-term change of direction towards Asia is needed to balance out the decline in Asian markets.
It also provides the Turnbull government with a clear political winner.
Since the Rudd government started its policy of a low-tax, low-regulation environment in 2010 the Australian dollar has surged to all-time highs, leaving the dollar-denominated economy with little room to rebound.
Last month the US currency index edged back into a bear market, before hitting a fresh high in December 2015.
With global markets becoming increasingly concerned with China's growing demand, including as it plans to ramp up capital flows to Australia, analysts say there is a risk there could be a reversal of momentum if the economy falls further under the $60 a barrel scenario.
One of the most obvious issues is whether the Federal Government will be able to protect jobs and jobs-related growth in the sector.
The Queensland-based Economics and Technology Institute, which last week put the jobless rate at 1.1 per cent in December, said the new policy was unlikely to boost growth.
"The Australian dollar is likely to be around or above its current level for the foreseeable future and while that may encourage domestic and foreign direct investment in the sector as the new policy is implemented, 바카라 there is no evidence that this will lead to any improvement in the quality of the Australian economy," a spokesman said.
Australian Manufacturing Association spokesman Andrew White said a low-carbon economy was essential but "this will have to be built in in a fashion that is sustained, consistent and well-designed".
Topics: government-and-politics, federal---state-issues, states-and-territories, economic-trends, business-economics-and-finance, electricity-energy-and-utilities, mining-industry, australia
