Australia is currently experiencing its 25th year of consecutive economic growth, with the nation's gross domestic product growth currently sitting at about 3%, a level Australian Resources Minister Josh Frydenberg says is above that of the US, UK, Japan and other comparable countries
Of the A$400 billion (US$307.9 billion) invested in increasing the country’s production capacity over the past decade, A$200 billion has been invested in the energy sector and placed Australia on course to overtake Qatar as the world’s largest exporter of LNG by the end of the decade.
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