Economics Assignment: Australia's Recession and Unemployment

Running head: Economics assignment
ECONOMICS ASSIGNMENT
Name of the student
Course name
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1
Economics assignment
Table of Contents
Article 1: Australia’s economy just entered recession on a per capita basis...................................2
Introduction......................................................................................................................................2
Key points in the articles.................................................................................................................2
Key concepts and economic principles............................................................................................3
Conclusion.......................................................................................................................................4
Article 2: Unemployment edges down to 5pc despite a cooling economy......................................5
Introduction......................................................................................................................................5
Key points in the articles.................................................................................................................5
Key concepts and economic principles............................................................................................6
Conclusion.......................................................................................................................................7
Reference list...................................................................................................................................8

2
Economics assignment
Article 1: Australia’s economy just entered recession on a per capita basis
The name of the articles is Australia’s economy just entered recession on per capita basis
and Stephen Letts have written the article. The article was published in 6th march 2019.
Introduction
The study is going to highlight the issues of growth rate in Australia in the last quarter.
The study will consider two articles on the issues in doing the analysis. The main aim of this
study is to highlight the pros and cons of the macroeconomic factors and the issues that are being
highlighted within the economy.
Key points in the articles
The economy of Australia have witnessed economic growth of 4% at the start of 2018
and in the second quarter of 2018, the growth of the economy, decreased to about 1% in the
second half of the economy. The economists however, forecasted that the economy of Australia
would be having a growth of 2.8% and the slow growth in the economy have dragged down the
growth rate of economy to 2.2%, which was well below the predicted growth.