2. Australia’s Economic PositionAustralia’s reliance on iron ore is a critical point. Without its mineral exports, the country would be far more vulnerable, and many sectors that thrive on government spending are key to propping up the economy. While Australia has enjoyed relatively good times due to its natural resources, shifts in global demand or supply chain disruptions could pose risks. Australia's strong trade ties with China and other markets help, but global shifts are definitely a concern.
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