Original article by Barry FitzGerald, David Rogers, Sue Neales
The Australian – Page: 19 & 31 : 13-Oct-16

Copper and uranium are Australia’s only major resources commodity exports that have not posted strong gains in 2016. Coking and thermal coal in particular have rallied in the year to date, and Paul Bloxham of HSBC believes that the nation’s "income recession" is over. He estimates that nominal GDP could be boosted by around two per cent if the rise in coal prices is sustained, a view shared by the ANZ Bank. There has also been a big rise in the export price of beef, although drought caused Australian shipment to fall in 2015-16.

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HSBC AUSTRALIA HOLDINGS PTY LTD, AUSTRALIA AND NEW ZEALAND BANKING GROUP LIMITED – ASX ANZ, MOODY’S INVESTORS SERVICE INCORPORATED, PEABODY ENERGY AUSTRALIA COAL PTY LTD, NIPPON STEEL AND SUMITOMO METAL CORPORATION, RESERVE BANK OF AUSTRALIA, AUSTRALIA. DEPT OF THE TREASURY, RABOBANK AUSTRALIA LIMITED