I stayed up late last night to interview U.K. Global Forecaster David Murrin.
It comes after demand for Australian commodities has weakened.
The most prominent cause cited, is the slowing of China’s economic growth, which is Australia's largest trading partner for resources such as iron ore and coal.
Despite China’s attempts to stabilise its economy, particularly its property sector, it’s led to a sharp decline in export prices, especially for iron ore, which has fallen by nearly 25% since mid-2024.
The outlook at this point isn’t good on the face of it. However, if you’re knowledgeable regarding the patterns of Kondratieff’s long wave analysis – of which Murrin is an expert – you may see the picture differently.
David Murrin’s interpretation of the Kondratieff Wave (K-wave) incorporates a three-wave pattern within both the upward and downward phases of the cycle.
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