This report discussed about the key economic indicators to assess and analyse the economic condition of Australia. The key economic indicators that are considered for analysis were GDP, unemployment, inflation and trade. The report further made the analysis that the GDP growth rate of the country has declined over the years and the case is same for unemployment rate. However, fall in unemployment is good sign for a country but decline in GDP growth rate is not. On the other hand, it has been found that the trade factors have improved and the inflation rate has also grown in the last five years that is from 2015 to 2019. Therefore, increase in trade parameters namely terms of trade and current account are positive change for the economy of the country. Conversely, rise in inflation rate is not good indication but in case of Australia it is a positive change because the inflation is so low that it should rise by 2% or more for a smooth growth of the economy. The trend showed that inflation might rise in future but currently is not enough to drive an economy at a faster rate. Therefore, the analysis of the key economic indicators explained that the economy of Australia might face economic recession, increase in unemployment rate and currency depreciation in next one year.

Assignment 2

Prepare a report on the current state of the Australian economy and compare its performance with the state of the economy from 2015 to 2019, focusing on economic growth, unemployment, inflation, and trade.

Report on Australia's economic indicators predicts recession, unemployment rise, and currency depreciation in the next year.

Analysis of Key Economic Indicators Affecting Australian Economy

Economic Issues in Australia - Analysis of Key Indicators

The report discussed the performance of the key economic indicators of Australia and thereby assessed economic condition of the country and future possibilities and economic happenings that the country might face.

Australian Economy: Analysis of Key Economic Indicators and Future Possibilities

The data of the years 2015, 2016, 2017, 2018 and 2019 are collected based on the macroeconomic indicators which are Gross Domestic Product (GDP) representing Economic Growth, Unemployment Rate, Inflation and Trade. The data of the years 2015, 2016, 2017, 2018 and 2019 are collected based on the macroeconomic indicators which are Gross Domestic Product (GDP) representing Economic Growth, Unemployment Rate, Inflation and Trade.

Economics

The Current State of the Economy of Australia

Report

Economics For Decision Making

The report discussed and analysed the key economic indicators of Australia. The key economic indicators were GDP, unemployment, inflation and trade. The analysis of these indicators helped to identify the economic condition of the country and thereby the future direction that the economy is going to take. Further, the report discussed the three major issues of the economy that has significant impact on the country and ultimately a future estimation of the economy has been made.

Southern Cross University

Key Economic Indicators of Australian Economy

This report analyzes the key economic indicators of Australia, including GDP, trade, inflation, and unemployment, and predicts three major economic issues the country will face in the next year. The report concludes that Australia will experience an economic slowdown or recession, increased unemployment rate, and domestic currency depreciation.

Analysis of Economic Indicators and Issues in Australia

The study aims to overview the performance of the Australian economy from the year of 2015 onwards. The findings of the study has considered four major economic indicators, such that, gross domestic product (GDP), level of unemployment, rate of inflation and the trade owing to do comparative analysis across the concerned period.

Political Science

Performance of Australian Economy (2015-2019)

This report discusses about the key economic indicators of Australia. The analysis of these indicators helped to understand the economic condition of the country. Data for last five years have been used make the analysis of the key indicators. The economy of the country is affected by the three major issues and they are agricultural drought, mining industry stagnation and sluggish property market. However, it is expected that the country will come out of this adverse situation and gain improvement in future.

Economic Issues in Australia - Analysis of Key Indicators

Australian Economy: Analysis of Key Economic Indicators and Future Possibilitieslg...

The Current State of the Economy of Australialg...

Key Economic Indicators of Australian Economylg...

Analysis of Economic Indicators and Issues in Australialg...

Performance of Australian Economy (2015-2019)lg...

Key Economic Indicators of the Australian Economylg...

Australian Economy: Analysis of Key Economic Indicators and Future Possibilities

The Current State of the Economy of Australia

Key Economic Indicators of Australian Economy

Analysis of Economic Indicators and Issues in Australia

Performance of Australian Economy (2015-2019)

Key Economic Indicators of the Australian Economy