indicators weakened notably in August and September, partly due to deteriorating global conditions. We forecast GDP growth at a subdued 1.6% this year, but picking up to 3.4% in 2012 as the resources boom has increasingly positive spillovers into other sectors. The expansionary impact of the ...
The Australian dollar appreciated (in nominal terms) by 2.5 percent against the US dollar and depreciated by 10.7 percent against the Japanese yen in 1999. On a trade-weighted basis, the Australian dollar depreciated by around 0.9 percent in 1999, with falls against most major currencies, includi...