Monday, December 7, 2015

Recent Charts on the Australian Economy

Combining the two ways to measure the size of economies might give us a better indication of economic weight. Australia the 16th largest economy (12th with USD measures, although this will fall with the exchange rate over time; 18th using PPP measures). 




Is the current account deficit about to worsen? Will it return as an issue for public policy - as it was in the 1980s and early 1990s - over the next few years. 




Commodity prices continue to decline 




The precipitous fall in iron ore prices ... 





Australia's largest export ... 





Employment outcomes fairly solid in Australia 




But predominantly pushed by public dominated sectors




Investment down ... 





Offshore funding growing again ... 









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