Inventory depletion hampers Australia’s economic growth in Q2 2022-23
Australia’s economic growth for the June quarter of 2022-23 could have been significantly stronger were it not for a sharp depletion of business inventories, particularly in the major mining and rural export sectors. Iron ore, coal, and other mining companies, as well as grain companies like GrainCorp, drew down on their stockpiles to fulfill contracts […]
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