Performance of the Aust Economy

Executive Summary The purpose of this field was to evaluate the implementation of the Australian prudence everyplace the goal five eld (2003-2008). To look back the deed of the economy, the five sparing objectives of the Australia economy were used as criteria in judging its effect. The five economic objectives are: economical growth Full Employment equipment casualty Stability External Balance Standards of Living Australias maculation in the trade cycle was also examined. After lengthened depth psychology of the criteria, this identify concluded that Australias biggest problems lie down in worth stability (inflation) and external balance ( menses bank note deficit). Some of the recommendations this report made were: This report recommends that interest think should remain constant. This is because cost-push inflationary pressures are now evident and facts of life interest rates result only add to inflationary pressure. The Australian long horse ne eds to be unploughed relatively low, so exports groundwork be further stimulated. This devote also reduce imports, which impart reduce Australias current account deficient (CAD). Rebates should be offered for research in utility(a) elicits. 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 old age (2003-2008). The five economic objectives will be used as criteria in critiquing the performance of the Australian economy. Th erefore, after evaluating the performance 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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