AUSTRALIA: Can non-mining sectors become the growth engines?

SYDNEY – In an update of its Country Report on Australia released today, Atradius Trade Credit Insurance asks whether Australia’s non-mining sectors will be able to assume the role of growth engines. Atradius forecasts that growth in Australia will slow in 2013 to 2.4% - but will increase to 2.7% in 2014. It says mining investment has reached its peak, that depreciation of the Australian dollar should help rebalance the economy, and that there are still many insolvency cases in the construction and retail sectors.