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Professor Warwick McKibbin said Australia may face higher interest rates and a stronger dollar in 2017 as US inflation rises. He estimated a global trade war sparked by US tariffs on China could cut Australian growth by about 5.5%, or $80 billion.
A tariff-driven trade war would reduce trade flows and commodity demand, while stronger US inflation would lift the dollar. Both risks bear on grain, meat and meal export pricing.
abc.net.auElysse MorganFeb 8, 2017Not enough comparable past events yet for a historical read.
Moves of each commodity's benchmark from the last close before the event. Historical reads pool past events of the same kind; they describe what happened, not what will. Not investment advice.
