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Market Report on Australia - Essay Example
Finance & Accounting
Pages 8 (2008 words)
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…
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. ...
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