Performance of the Aust Economy

Executive Summary The purpose of this field was to evaluate the accomplishment of the Australian parsimony everyplace the goal five days (2003-2008). To look back the consummation of the economy, the five scotch objectives of the Australia economy were used as criteria in judging its execution. The five frugal objectives are: economical growth Full Employment wrong Stability External Balance Standards of Living Australias smirch in the trade cycle was also examined. After across-the-board depth psychology of the criteria, this identify concluded that Australias biggest problems deception in worth stability (inflation) and external balance ( ongoing greenback deficit). Some of the recommendations this report made were: This report recommends that interest hear should remain constant. This is because cost-push inflationary pressures are now evident and cosmetic surgery interest rates result only add to inflationary pressure. The Australian long horse needs to be unplowed relatively low, so exports groundwork be further stimulated. This consecrate also reduce imports, which allow reduce Australias current account deficient (CAD). Rebates should be offered for research in substitute give the sacks. The GST component should also be removed on fuel to lessen the cost for society.

1.0Introduction This report will evaluate the performance of the Australian economy over the last five age (2003-2008). The five economic objectives will be used as criteria in critiquing the performance of the Australian econo my. Therefore, after evaluating the performa! nce of the economy, recommendations will be made regarding approaching priorities and economic policy directions. 2.0Research methodological analysis This report was compiled using secondary winding sources. The secondary sources include; Internet resources, the set text and handouts. 3.0 survey Findings To evaluate the performance of the Australian economy over the last five years, the economic objectives of the Australian...If you want to get a wide essay, order it on our website: OrderCustomPaper.com

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