The two countries enjoy complementary economic strengths and are natural partners for cooperation. Since 2009, China has been Australia's largest trading partner, export market and import source for 15 consecutive years. In 2023, bilateral trade in goods increased 4.1 percent year by year, while A...
According to Lowe, Australia's agriculture industry is already suffering, with an ongoing drought set to hit the country's economic growth this year by 0.25 of a percentage point, while the summer's bushfire disaster would likely cut growth by about 0.2 percentage points. "Climate change is af...
He did not mention being sneezed on by a nine-year-old suit-wearing alpaca named Hephner. Greeting supporters at the Australian War Memorial, Charles stopped to admire a sartorially suave alpaca that was wearing a gold crown and suit. He reached out to “Hephner”, as the woolly camelid is...
In fiscal year 2024, Australia was projected to export agricultural products, including crops and livestock, worth approximately 71.6 billion Australian dollars. This figure was forecast to decline to around 68.5 billion Australian dollars in financial year 2025. Crop industry in Australia The crop in...
Australia’s GDP has seen a significant increase over the past decade, more than doubling its value, and experienced a rather quick recovery from the 2008 financial crisis, which indicates that the country experienced economic growth as well as higher productivity. One of the primary reasons is ...
The Australian lime market is experiencing growth due to favorable international pricing and government initiatives aimed at improving market access. The Australia-India Economic Cooperation and Trade Agreement (ECTA), implemented in April 2022, has reduced tariffs and provided duty-free access to key ...
Weak Australian economic growth hits dollar Public spending offsets subdued consumer demand in ‘two-speed’ economy Dec 03 2024 Politics UK chemicals sector doubts Keir Starmer’s ‘reset’ will end Brexit blues Businesses say regulatory and customs frictions will barely be eased if Labour governmen...
Despite the current economic challenges, private sector investment intentions remain robust. This was reflected in capex intentions for this financial year being upgraded by 2.7 per cent, and capex plans for the next financial year being upgraded by over 6 per cent, but a little lower than usual...
Government bond yields are critical indicators of economic confidence and investor sentiment.The yield spread between Australia 10-Year and 2-Year government bonds is 42.8 basis points (bp), reflecting the difference in yields between long-term and short-term debt.Typically, long-term bonds carry ...
B) Stay approximately the same this year. C) Decline due to slower GDP growth. D) Fluctuate depending on export demand. 5. The primary purpose of the passage is to: A) Explain mixed signals in recent Australian economic data. B) Argue interest rates were increased improperly. C) Advocate...