StudentShare solutions
Triangle menu

Market Report on Australia - Essay Example

Nobody downloaded yet

Extract of sample
Market Report on Australia

Vast resource endowment and strong export sector allows the economy to be one of the influential participants in international trade. After the occurrence of the global financial crisis, all financial activities within the economy are strictly supervised that eliminates any chance of unscrupulous financial transaction. However, there are risks associated with this economy due to the easy monetary and fiscal policy implementations. This paper presents a study on the economic prospects of Australia and their effects on the country’s financial market. 2. Economic prospects 2.1 Recent developments and the present situation Australia is the 13th largest economies in the world in terms of GDP measure. In the Asia Pacific region the country ranks third in terms of GDP after China and Japan. Australia boasts of having one of the most robust national political frameworks among the developed countries in the world. Over the last five decades, the country has developed strong economic institutions in the world and has a very competitive business sector operating internationally. Recently Australia has been recognised as a continent with a wide reserve of natural resources and it is currently enjoying the position of one of the largest supplier of natural resources and raw materials in the world, such as, coal and iron ore. Steady economic growth in the continent has been aided by this resource boom. Trade in such abundant resource sector accounts for approximately 9.6 per cent of the total economy of Australia. The remainder of the economy is comprised of the construction sector (7.7%), manufacturing sector (9.1%), and financial services sector (11.0%). This distribution depicts that the major sectors in the equity market in Australia are financial services sector with 32% share and natural resources sector with 31% share (Treasury, 2012). At present Australia enjoys a concrete positive international standing. The largest trade partners of the continent are the United States, Japan and China. Although China is still a developing economy, it is one of the fastest growing economies of the world and competes strongly with the other developed nations. The countries that make the largest amount of investment in Australia are the United Kingdom and the United States. These two countries are also the leading capital markets in the world. The financial services industry in Australian is well developed and highly-regarded due to its innovativeness. This stems from the fact that the country has one of the world’s most developed capital market. According to the data published by the World Economic Forum, Australia ranks 5th among the countries having most modern financial systems and advanced capital markets in the world. Currently Australia’s equity market has A$1.2 trillion market capitalization (on the basis of free-float market capitalization). On a daily basis, the average secondary trading extends upto A$5 billion in a normal day. The Australian dollar is one of the most traded currencies in the international market. This shows that the country’s foreign exchange market is quite strong and has high global turnover in this market. 2.2 Economic growth prospects The economy of Australia has experienced high and uninterrupted rate of economic growth over the period of the past ten years. This growth rate has been facilitated by a number of factors, such as, low level of inflation, low unemployment rate, significantly low public debt and most importantly stability in the ...Show more

Summary

Market Report on Australia Table of Contents 1. Summary 3 2. Economic prospects 4 2.1 Recent developments and the present situation 4 2.2 Economic growth prospects 5 2.2. 1. GDP 5 2.2.2. Consumer spending 6 2.2.3. Investment 6 2.2.4. Exports 7 2.3. Outlook for inflation 8 2.4…
Author : walterroderick
Market Report on Australia essay example
Read Text Preview
Save Your Time for More Important Things
Let us write or edit the essay on your topic
"Market Report on Australia"
with a personal 20% discount.
Grab the best paper

Check these samples - they also fit your topic

Australia Broadcasting Comporation report
Mass communication is a significant element of the communication process in any society. The process of mass communication occurs in many ways and it is essential for creating awareness about the social, political, economical as well as various other factors occurring both within the nation and outside of its borders.
12 pages (3000 words) Essay
Housing Market in Australia
Many authors have conducted researches to determine which sector is dominant in housing sector as well as to identify the primary reasons behind these changes. Some of the most renowned researched covering these aspects have been presented in the subsequent part of this paper.
6 pages (1500 words) Essay
Situational Analysis Report about Toyota in Australia
Toyota Motor Corporation (Toyota Australia) is a branch of Toyota Japan, a global company that deals with manufacture and sale of vehicles. Toyota Corporation is ranked as the largest automobile manufacturer in the world. It supplies car to several automotive companies across the globe.
4 pages (1000 words) Essay
Prepare an international marketing environment analysis report for Australia
Australia has given major emphasis on exporting manufactured goods. Australia has a strong infrastructure along with stable institutions to support its trading activities. It is rich in skilled workforce and agricultural produces. Australia has been adopting Technology in their business environment.
8 pages (2000 words) Essay
Marketing, target market report
This segmentation theory is said to consider the structural differences which seek to explain how economy and society have changed the format of stratification (Form 1995). Another name used for this concept is the segmented market hypothesis. In this concept, the financial tools of different terms cannot be substituted for one another (Haugen 1989).
4 pages (1000 words) Essay
An Oligopoly: the Australia grocery market
The second type is the virtual marketplace, where trade and commerce occurs through the Internet, and the buyer need not even move out of his house. One very essential feature of a stable
10 pages (2500 words) Essay
A Small Group Report of a Market Investigation
The aim of conducting market investigation on smartphone in Australia is to provide information on the current smartphone market status (“Australian Communications and Media Authority”, 2010, Web). Additionally, the investigation will provide the expected
3 pages (750 words) Essay
Position and segmentation----The snack food market in Australia
The Smiths Snackfood Company has witnessed tremendous growth over the last few decades with its brand products nowadays a household name throughout Australia. Currently the company has established manufacturing and sales offices in the
8 pages (2000 words) Essay
Hire a pro to write
a paper under your requirements!
Win a special DISCOUNT!
Put in your e-mail and click the button with your lucky finger
Your email
YOUR PRIZE:
Apply my DISCOUNT
Comments (0)
Click to create a comment