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Australian Economy Outlook


Recently, Australia has successfully gain its images of being as growing economy with high growth rate and low inflation the typical rate are 2%-3% (inflation) where as base interest rate is 5%-6%. Since 1990s Australia has successfully managed to maintain 3% economic growth which place is the Australia of developed countries.

Most of the Australian economy is based on services sector where as the agriculture and mining sector account for almost 57% of the total exports. Some of the major exports of Australia includes wheat, wool, iron-ore, gold, natural gas and coal.

Posted by: Usman on Feb 20 2012

Tags: Business

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