The most influential Megatrends set to shape the world through 2030, identified by Euromonitor International, help businesses better anticipate market developments and lead change for their industries.
Australia has avoided the stagnant economic growth familiar across advanced economies, chiefly due to its mining sector – which has been a beneficiary of Chinese economic growth. Its economy grew by 10.4% in real terms between 2008 and 2012, compared to 1.6% in the G7. Australia has vast amounts of natural resources but the industry is hampered by high costs – including the Mineral Resource Rent Tax (MRRT). The outlook is for slower growth, both in the mining sector and the economy as a whole.
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