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The only way is up for Australian exporters
Tim Harcourt
Chief Economist
Australian Trade Commission
Sydney
Email: tim.harcourt@austrade.gov.au
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9 July 2009
The worst effects of the global financial crisis (GFC) are over according to Australian exporters. The DHL Export Barometer has found that whilst Australian exporters have been adversely affected by the GFC export orders are expected to pick up over the coming year. Exporters are expecting growth in markets such as the Middle East, India, Latin America and China to make up for the adverse effects on their orders over the past year in the USA, the UK, Europe and Japan. Despite the GFC, exporters are maintaining employment levels and taking advantage of FTAs and the EMDG scheme. New exporters are finding their niche in emerging markets, whilst experiencing exporters are standing firm despite falls in revenue and reduced profitability.
That's the latest finding of the DHL Export Barometer survey for June 2009.
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