There are clear signs that one part of the required growth transition is underway. Export volume growth is rising, courtesy of China’sstrong demand for our resources and it is outstripping growth in imports. The rise in exports was magnified by a fall in the volumes ofgoods and services imports. So, net exports added significantly (0.7 percentage points) to QIII GDP and could contribute well over 1% to2013 GDP.
Read the full report: Economic Research
Commonwealth Bank