Australia, the canary in Asia’s trade coal mine, may rue its slow escape from China’s sputtering economy

Did S&P just put a curse on Australia? The reference here is to the credit-rating equivalent of the magazine-cover jinx that companies and entire economies struggle to avoid. On Friday, S&P made headlines by upgrading the outlook Down Under, reckoning that Canberra’s budget surplus will reappear by the “early 2020s.” Great news for new Prime Minister Scott Morrison as he …

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