WA govt seems quite comfortable with the economic forecast for next few years. Billions, yes that’s many billions, of $’s of revenue generating minining projects started this year, $4.5billion gst return negotiated. WA economy is not looking problematic. Feds also announced better than expected mid forecast. All of your arguments are hypotheticals with no evidence they are definitely going to happen.
Sure Trump could wage war on the world, China might invade Korea or Britain may wage world war 3 with the european union and the world economy could crash, or we could get hit by a meteorite, or we could face a zombie apoloclaypse. Such are the variables of life lol.
Nothing certain in life except death, but you make calls based on best evidence assumptions.
Forecasts ,computer models etc etc.Read and heard it all before.Change of Govt's can also impact the situation.
Had a guy a respected foreign International Affairs guy on Richo on Fox last night.His name is Keith Souter.
He noted with the new Chinese Belt and Road policy which goes through Asia/Middle East and into Europe, that country will be spending a fortune on infrastructure .
To the extent of say Tajikstan having mineral ore in quantity,and the Chinese buys saying to Aus suppliers, if you charge us X+ ,we can get the same from "name inserted" for X-.take it or leave it.
The amount of leverage China will have on dictating prices in the future ,due to their financial influence in these countries within the Belt and Road, will be a worry for Australia.
So one does not have to go to war with China, they will have won the economic war.