Australia’s export billions go missing, statisticians suspected

FILE PHOTO: Ships waiting to be loaded with iron ore can be seen at Port Hedland in the Pilbara region of Western Australia December 3, 2013. REUTERS/David Gray/File photo

SYDNEY (Reuters) – Australia’s export earnings are booming as resource prices surge but a statistical quirk means tens of billions of dollars go missing from main measures of growth, making the economy seem weaker than it actually is. The cash is still coursing through the country – boosting profits, dividends, share prices and tax receipts. […]

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