Western Australia's Economy Should Recover Quickly, Thanks To A Strong Iron Ore Price



Western Australia's economy should recover from the economic hit of COVID-19 quicker than other states, thanks to a stronger than expected price of iron ore, analysts believe.

Increasing demand from China and supply issues in Brazil have seen the iron ore price sit well above forecasted expectations, today above $US112 per tonne.

"It's beyond expectations that anyone would've had going back six months or so," Deloitte Access Economics partner Noel Richards said.

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