Macroeconomic Analysis of Australia: Real GDP, Inflation, Unemployment, Business Cycle, Net Exports and Exchange Rates

This article analyses the dynamics of different macroeconomic indicators of Australia including Real GDP, Inflation, Unemployment, Business Cycle, Net Exports and Exchange Rates. It predicts the future trends in the economy of the country. The Real GDP growth rate of the country can be seen to have considerably dynamic and fluctuating trends indicating towards the presence of business cycle with periods of expansion and recession in the economy. However, both the unemployment and the inflation rates in the country can be seen to be less fluctuating than the Real GDP growth rate of the same. The exchange rate of AUD is also seen to have maintained stability although the country has mostly remained net importer in spite of exporting significantly to other countries.