Australian Jan. Trade Surplus Estimated at $3.8 Billion

The video discusses the impact of strong commodity prices on Australia's trade surplus, with a focus on iron ore, and its contribution to GDP growth. It also covers New Zealand's economic outlook, highlighting the Reserve Bank's stance on the cash rate amidst domestic and international risks, including housing market uncertainties and U.S. trade policy under Donald Trump.

What was the estimated trade surplus for Australia in January?

• 3.5 billion dollars

• 3.8 billion dollars

• 4.0 billion dollars

• 3.2 billion dollars

Which commodity was highlighted as a significant driver of Australia's trade surplus?

• Natural gas

• Coal

• Gold

• Iron ore

What did Graeme Wheeler indicate about the cash rate in his speech?

• It will increase significantly

• It will remain steady

• It will decrease

• It will fluctuate wildly

What domestic factor did Graeme Wheeler identify as a major source of uncertainty for New Zealand?

• Housing market

• Tourism

• Agriculture

• Manufacturing

What international factor is crucial for the Reserve Bank of New Zealand according to the transcript?

• Middle Eastern conflicts

• Chinese economic growth

• U.S. trade policy

• European Union policies