Deutsche Economist Says Iron Ore at $90 Is Near Forecasts

The video discusses Australia's economic situation, focusing on the current account surplus driven by high commodity prices and a soft domestic economy. It explores the potential longevity of this surplus, considering commodity price trends and China's economic data. The discussion also covers government strategies for managing economic windfalls and the implications of currency valuation in relation to interest rates and trade positions.

How has the domestic economy affected Australia's trade balance?

What factors are contributing to Australia's current account surplus?

What does the term 'two-speed economy' refer to in the context of Australia's growth?

Why is it important for the Australian economy to be flexible in dealing with uneven growth?

How do commodity prices influence the current account surplus in Australia?

What should the Australian government consider doing with the windfall from mining?

What are the implications of a strong Australian dollar in relation to interest rates?