Macroeconomic Analysis and Forecast of Australia

Running head: ECONOMICS FOR BUSINESS
Economics for Business
Name of the Student
Name of the University
Author Note

1ECONOMICS FOR BUSINESS
Table of Contents
Introduction................................................................................................................................2
Performance and Forecast of Australia......................................................................................3
GDP Growth Dynamics of Australia.....................................................................................3
Inflation..................................................................................................................................3
Rate of unemployment...........................................................................................................4
Cash Rate Recommendation......................................................................................................5
Conclusion..................................................................................................................................6
References..................................................................................................................................7

2ECONOMICS FOR BUSINESS
Introduction
The economic scenario in the international framework has been experiencing
considerable changes and dynamics with time and with increase in the economic activities
across the globe much of which can be attributed to the global economic occurrences like
Liberalization of the commercial activities across the different countries and also phenomena
like Globalization and infrastructural innovations (Heijdra 2017).
The dynamics in the economic scenarios of the countries in the global framework can
be observed by the different macroeconomic indicators and their dynamics, which in turn can
be observed and interpreted under the conceptual framework of macroeconomics, which is
the study of the economy of a region or a country as a whole (Mankiw 2014). The primary
macroeconomic indicators whose dynamics and fluctuations have considerable implications
on the economic activities and prospects of the countries and based on the values of which
the prospects as well as the threats for the future of the economy of the countries can be
predicted are primarily the Gross Domestic Product and its growth rate, the rate of
unemployment, the inflation dynamics as well as the money market scenario of the country.
Being a senior member of the management team of the concerned company, with its
base in Australia and currently undertaking a course in the UTS, the responsibility of
analysing the macroeconomic trends of Australia is bestowed on me, based on which the
concerned report has been formed. The report also tries to analyse and forecast the trends
which the economy is expected to exhibit in the next six months, based on the observations of
the performance of the macroeconomic indicators of the country and on the basis of the same
the report tries to recommend the probable strategy which the Central Bank of the country
can take in terms of their cash rate movement.