Australia

By Mccarthy, Jim

Book Id: WPLBN0000674741
Format Type: PDF eBook:
File Size: 0.8 MB
Reproduction Date: 2005

Title:	Australia
Author:	Mccarthy, Jim
Volume:
Language:	English
Subject:	Trade, Import and export controls, Export controls--United States
Collections:	Economics Publications Collection, Export and Trade Collection
Historic Publication Date:
Publisher:	Federal Trade Commissionn (Ftc)


Citation APA MLA Chicago Mccarthy, B. J. (n.d.). Australia. Retrieved from http://self.gutenberg.org/

Description
Export and Trade Government Reference Document:

Excerpt
Excerpt: Australia is the world?s 14th largest economy by GDP, according to the Economist Intelligence Unit. Despite the regional economic turmoil of the late 1990s and the more recent downturn in the U.S. economy, Australia has enjoyed an unprecedented period of economic growth over the last decade. The recent drought notwithstanding, the Reserve Bank of Australia predicts that the Australian economy will continue to grow on the strength of sustained consumer spending and housing construction. Most economic forecasts call for GDP growth in 2003 of more than 3 percent, putting Australia near the top of all OECD countries. However, as with most growth rates, this will depend on the overall health of the world economy. Unemployment has risen in recent months to 6 percent but is still near historic lows. Inflation is likely to stay between 2.5 and 3 percent this year.