THE ECONOMY: Wishful thinking about agriculture, manufacturing*

Experts assure us that the predicted decline in Australia’s mineral exports will be easily offset by a strong recovery of our agriculture and manufacturing. Former deputy secretary of the Department of Trade Colin Teese pours cold water on such facile optimism.Random reporting in the Australian Financial Review a couple of weeks ago demonstrated (if demonstration was really needed) to what extent, in economic terms, everything is connected with everything else.The AFR – up to and including its e…

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