Trend Analysis of the Australian Economy

Running head: TREND ANLYSIS OF THE AUSTRALIAN ECONOMY
Trend Analysis of the Australian Economy
Name of the Student
Name of the University
Author note

TREND ANLYSIS OF THE AUSTRALIAN ECONOMY1
EXECUTIVE SUMMARY
This paper aims to analyse the current state of the economy of Australia. It also discussed the
trend of Australian economy from year 2015-2019. The key economic indicators that affected the
economy of the nation is analysed in the paper. The key drivers of the economy are GDP growth
rate, unemployment rate, inflation rate and trade. All the data related to key drivers of the
economy is provided in the paper. This paper emphasized on the trend analysis of the Australian
economy which will help to understand the major issues economy facing. The major issues are
government intervention, inflation rate and protectionism. These factors hampers the growth of
the housing market and wage rate. Thus, the effects of the low interest rate and weak housing
market growth are discussed in the paper. This paper examined the major concerns of the
economy over the next 12 months.

TREND ANLYSIS OF THE AUSTRALIAN ECONOMY2
Table of Contents
Introduction......................................................................................................................................3
Discussion........................................................................................................................................4
Trend analysis since 2015 and the current state of the Australian economy...............................4
Major issues facing the Australian economy.............................................................................11
Conclusion.....................................................................................................................................13
Reference.......................................................................................................................................14

TREND ANLYSIS OF THE AUSTRALIAN ECONOMY3
Introduction
A large mixed-market economy, the annual growth rate of Australia was 1.40 % in June,
2019. A severe drought and housing downturn slowed the growth of the Australian economy in
2018-2019. The state of the economy is effected due to the turmoil in property market and a
severe drought. With the help of fiscal and monetary stimuli, the economic growth of the
economy is expected to grow (Sangha, Gerritsen and Russell-Smith 2019). As the fiscal and
monetary stimuli will boost consumer spending and household income of the country. The trend
analysis of the Australian economy since 2015-2019 will help to understand the key economic
factors and the changes occurred due to the change in economic factors. The data related to key
economic factors of the economy such as trade, unemployment rate, GDP, inflation are analyzed
to know the economic trends of the nation. The comparison of these data with the data of current
economic factors helps to understand the economy better (Rees, Smith and Hall 2016). The
major issues economy of Australia facing are government intervention, inflation and
protectionism. Over the next 12 months how these factors affected the market and economy of
Australia is significant. The influence of the biggest major issues on the economy of Australia is
huge.