New Forecasts from the International Monetary Fund place Australia in the fastest growing region in the world.
The IMF has cut its economic outlook for the Asia Pacific by 1 point 1 per cent, but the area is nonetheless predicted to experience an overall growth of 6 point 5 per cent this year.
Australia itself is experiencing a commodities boom, driving a 3 point 5 per cent growth for the nation this year.
It remains to be seen how Australia’s inevitable transition to renewables will affect this growth, something the Federal Nationals have expressed concern about, in recent negotiations for a net zero emissions target ahead of the COP-26 climate conference.