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Economic Principles and Decision Making

   

Added on  2022-12-29

19 Pages1325 Words79 Views
Economic Principles and Decision
Making
Name of the Student
Name of the University
Course ID
Economic Principles and Decision Making_1
Introduction
Growth performance of Australia in 2018
Average growth rate of 3.8 percent in the first half
Growth of export and a strong performance of the household sector
Sudden break in growth performance of Australia in the latter half of 2018
A number of different factors
Housing market
China’s slow down
Low wage growth
Decline in household consumption
Monetary policy expansion.
Economic Principles and Decision Making_2
Current Performance of
Australian Economy
Below average growth rate
Some short term weakness
Recent drought occurred in Australia
Sudden decline in export volume
Decline in the household consumption
Slow employment growth
Economic Principles and Decision Making_3
Current Performance of
Australian Economy
Poor performance of housing market
Sharp decline in the housing prices
Investment, government spending and net export
Expansion of investment in non-mining sectors
Prospect growth of LNG exports
Growth of manufacturing export
Economic Principles and Decision Making_4

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