2BUSINESS STRATEGYIntroduction The Commonwealth Bank of Australia is one of the leading multinational bank whichprovides various kinds of financial services such as institutional banking, retail and fundmanagement, investment and broking. It is one of the top listed bank on Australian SecuritiesExchange. To study the macro environmental factors which will help in the development andgrowth of Commonwealth Bank, it is necessary to conduct a pestle analysis of Australia (Madsen2016).PESTLE AnalysisRemoteEnvironmentSeriousThreatMild ThreatNoImpactMildOpportunityGreatOpportunityEconomics-Themacroeconomic outlookis verygloomy asUS dollar isdominatingtheinternationalmonetarysystem and itcan causeglobaleconomicimbalance. -Free tradeagreementwith othercountrieswhich willenhanceglobalbusinessexpansionand policyinterestrates aresoaringhigh now.It is astable andgrowingeconomy. TechnologyCybersecuritywhich is amajor area of---Investments will helpsto build astrong
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