Australia to Profit from War Pushing Up Prices, Westpac Says

Westpac expects Australia to secure a multi-billion-dollar windfall over the five years to 2030 as the Iran war pushes up coal and gas export prices, boosting export revenues. The forecast implies a material budgetary and trade receipts upside for Australia driven by higher commodity prices rather than domestic demand improvements.

Analysis

Westpac expects Australia to secure a multi-billion-dollar windfall over the five years to 2030 as the Iran war pushes up coal and gas export prices, boosting export revenues. The forecast implies a material budgetary and trade receipts upside for Australia driven by higher commodity prices rather than domestic demand improvements.