Economy in Australia
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BRUNEI , 2015/11/18
Increase among the 21 Asia-Pacific Economic Cooperation (APEC) economies softened to 3.1 % in the second quarter of 2015, down from 3.2 % in the initial quarter and 3.4 % a year ago, according to an APEC economic analysis released on Tuesday.
The statement said the increase slowdown reflected the prolonged weakness in world economic activity as the modest recovery in advanced economies was matched by a general slowdown in emerging market economies.
The moderation in GDP levels could be attributed to declining investments and lacklustre exports, according to the statement.
"Economies across the Asia-Pacific continue to grow but find themselves in a holding pattern of lower increase in the absence of high trade volumes," said Alan Bollard, Executive Director of the APEC Secretariat.
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AUSTRALIA, 2015/09/30
There has been a dampening of confidence in Australian consumers next a brief honeymoon period next the taking office of new Prime Minister Malcolm Turnbull. ANZ-Roy Morgan gauge of consumer confidence released on Tuesday tumbled 3.4 % in the completed week.
People have been revealed to remain skeptical. There is still uncertainty about the economic outlook and analysis by the International Monetary Fund forecasts Australia's increase could be frail for a few years.
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AFGHANISTAN, 2015/01/20
Low oil prices will not provide a sufficient updraught to dispel the clouds hanging over the world economy, the International Monetary Fund said on Tuesday.
In a sign of its increasing gloom about the medium term economic outlook, the IMF cut its world economic increase forecasts by 0.3 % points for both 2015 and 2016, despite believing cheaper oil represents a “shot in the arm”.
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AUSTRALIA, 2014/05/30
Wages will inevitably fall in rich nations like Australia, the United States and United Kingdom as the world moves toward economic equilibrium, according to Nobel laureate, Professor James Mirrlees.
In a speech in Sydney on Thursday night, Professor Mirrlees said the flow of capital from rich nations to poorer nations could turn into a "flood" as capital sought out the lowest wages.
"Capital can increasingly leave the rich nations and so long as wages are higher there than in the poorer nations that seems the way it should go," he said.
He said that the shift to lower wages in developed nations would not distinguish between occupations.
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AUSTRALIA, 2014/03/05
Australia's gross domestic product added a seasonally adjusted 2.8 % on year in the fourth quarter of 2013, the Australian Bureau of Statistics said on Wednesday.
That beat forecasts for an increase of 2.5 % following the 2.3 % gain in the third quarter.
On a quarterly basis, GDP added 0.8 % - as well topping expectations for an increase of 0.7 % following the 0.6 % gain in the previous three months. Final consumption spending was up 0.7 % on quarter and 2.6 % on year.
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AUSTRALIA, 2013/10/23
A leading indicator of Australia's economic activity declined in August, suggesting that the economy may continue to lose momentum in the coming months, a statement from Westpac and the Melbourne Institute showed Wednesday.
The leading index fell 0.1 % to 294.5 in August from 294.8 in July. The annualized increase rate of the index was 3.2 % in August, only marginally above its long term trend of 2.9 %.
"The economy has experienced a significant loss of momentum since the start of the year," Westpac's Chief Economist Bill Evans said. "Although the increase rate in the leading index remains slightly above trend, it has slowed abruptly over the last six months," Evans said.
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AUSTRALIA, 2013/07/04
These events must be puzzling to foreign observers; they have left a lot of in Australia mesmerised by their Shakespearian dimensions. While they may have few consequences for Australia’s long-term management of its interests in the world, there is little doubt that they will have an immediate bearing on the diplomacy of how these affairs will be conducted over the coming few months.
For one thing, it is almost certain that Prime Minister Rudd will change the date on which former Prime Minister Gillard had scheduled the national election.
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AUSTRALIA, 2013/06/07
Australia's economy grew slower-than-expected in the prime three months of the year as the commodities-powered country faces a painful transition away from its reliance on the mining sector.
The Australian Bureau of Statistics said the economy expanded 0.6 % on quarter and 2.5 % on time— short of the estimated 0.7 % and 2.7 %, suggesting a decadelong mining investment boom is unwinding.
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AUSTRALIA, 2013/06/07
Australia's economy grew slower-than-expected in the prime three months of the year as the commodities-powered country faces a painful transition away from its reliance on the mining sector.
The Australian Bureau of Statistics said the economy expanded 0.6 % on quarter and 2.5 % on time— short of the estimated 0.7 % and 2.7 %, suggesting a decadelong mining investment boom is unwinding.
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AUSTRALIA, 2013/06/07
Australia's economy grew slower-than-expected in the prime three months of the year as the commodities-powered country faces a painful transition away from its reliance on the mining sector.
The Australian Bureau of Statistics said the economy expanded 0.6 % on quarter and 2.5 % on time— short of the estimated 0.7 % and 2.7 %, suggesting a decadelong mining investment boom is unwinding.
