logo

Factors Explaining Slow Economic Growth in Australia

   

Added on  2022-10-14

7 Pages514 Words50 Views
Economic Principles and
Decision Making
Name of the Student
Name of the University
Course ID

Introduction
Decline in economic growth
Second half of 2018 (Rumbens & Guttmann, 2019)
Different factors explaining the economic slowdown
Evaluation of factor leading to decline in economic growth
Both global and local factors
China’s slow down, housing market crisis, slow consumption growth
and decline in wage growth.
Monetary policy expansion to ensure steady growth

Factors behind slow
economic growth
Housing market crisis
Decline in housing price in Sydney and Melbourne
Fall in dwelling investment and slow growth (Morris, 2018)
China: major export market of Australia
Transition of China’s economy (Cashin, Mohaddes & Raissi, 2017)
Decline in Australia’s export demand
Fall in household consumption: decline in real income (Letts, 2018)
Decline on nominal wages: terms of trade, end of mining boom and spare
capacity in labor market (Gilfillan, 2018).

End of preview

Want to access all the pages? Upload your documents or become a member.

Related Documents
Effect of China’s Economic Slowdown on Global Economy
|8
|1851
|477

Industry and Trade in Asia
|9
|2079
|11

Factors behind decline in economic growth
|17
|4384
|1

Economic Principles and Decision Making
|18
|4173
|392

Economic Principles and Decision Making
|19
|1325
|79

Managerial Accounting
|7
|1189
|35