The RBA research showing that export prices rose nearly 4 percent for the March quarter, the first rise since the end of 2008 was good news. But export price levels remain 27 percent lower than a year ago. The recent news that the International Monetary Fund (IMF) now rates Australia as number 8 in the world’s richest got a few lines in the papers but few financial journalists read the full report. The IMF looked at the 33 richest countries and not only rated Australia’s position to number 8 but also stated we will climb to number 7 within 3 years. But as the top six currently include Luxemborg, Singapore and Hong Kong where Gross Domestic Product (GDP) is swollen by multinationals taking advantage of the low tax rates, the true position of our GDP indicates Australia is more like the 5th richest economy and moving towards the number 4 spot. An incredible situation, which no one was predicting just a couple of years ago.