Falling Coal Prices Set to Cost Australian Economy $58 Billion

Australian exports are forecast to fall from $467 billion in 2022–23 to $352 billion by 2024-25.

A coal train travels through the Hunter Valley in Singleton, Australia, on April 15, 2023. Roni Bintang/Getty Images

Falling coal prices are expected to cost the Australian economy $58 billion by 2025, according to the latest Resources Energy Quarterly on Sept. 3.

A slowing Chinese economy and a decline in coal use in Europe are expected to trigger the fall in exports from $400 billion in 2023–24, down from a record $467 billion in 2022–23.