This report analyzes the fluctuations in Australia's economic growth between 2005 and 2015, attributing these variations to several key factors. The global financial crisis of 2009 significantly impacted Australia's GDP, leading to a slowdown in growth. Conversely, the development of the mining sector, driven by increasing global demand for raw materials, played a crucial role in boosting the country's economic performance. The economic growth of China, a major importer of Australian resources, also influenced Australia's GDP, with increased exports contributing to national income. Government policies implemented during the global financial crisis, such as lowering interest rates and adopting expansionary fiscal measures, helped mitigate the crisis's impact. The report also highlights the challenges of transitioning to a post-mining economy and the policy responses needed to sustain higher growth rates. Desklib offers a range of similar reports and study tools for students.