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The Economic Growth of Australia

   

Added on  2020-05-16

7 Pages899 Words72 Views
Running head: ECONOMICS FOR BUSINESS Economics for BusinessName of the StudentName of the UniversityAuthor Note
The Economic Growth of Australia_1
1ECONOMIES FOR BUSINESS Table of ContentsIntroduction......................................................................................................................................2Trends in economic growth of Australia.........................................................................................2Conclusion.......................................................................................................................................5References........................................................................................................................................6
The Economic Growth of Australia_2
2ECONOMIES FOR BUSINESS Introduction In the global framework, one of the most developed economies, characterized by stabilityand consistency in almost all the parameters of growth is the economy of Australia. The countryhas been showing consistent growth in the economic parameter, owing to its impressiveperformance in the industrial and commercial domains. However, in the last few years, thisgrowth has been hampered to a considerable extent, with the primary indicator of economicgrowth, the Gross Domestic Product, decreasing consistently in the recent period (Bishop et al.2013). Trends in economic growth of Australia In the last few years, the GDP of the country has been seen to be decreasing considerably,which can be seen from the following figure: Figure 1: GDP of Australia over the last five years(Source: Tradingeconomics.com, 2018)
The Economic Growth of Australia_3

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