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Strong investment in minerals is proving to be one of the prominent factors in the economic recovery from the global downturn through 2008-2009. The fact that Australia did not technically go into recession with only one quarter of negative growth recorded through this period is indicative of this. Its immense mineral wealth has ensured the Australian economy has remained strong and now sees its currency nearly level pegging with the US dollar.
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See video below of IRG BOP’s Jonathan York presenting this week’s market analysis.
