Back on the up

Article Abstract:

The Australian economy has shown strong economic growth and a budget surplus, despite problems in its Asian export markets. Structural changes have helped the economy, and they include the dismantling of tariffs and the flotation of the Australian dollar. Privatization and deregulation have also brought benefits. Stronger industries have grown, while weaker industries, such as textiles, have shrunk. High stock prices have stimulated consumption, and there is a current account deficit, while unemployment has also remained high, but the economy has shown some improvement over the century.

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Good Goss: Australia

Article Abstract:

The Committee for the Economic Development of Australia expects Queensland to lead the country in population and economic growth in the next century. Warm climate and attractive beaches are luring new residents and causing a boom in the tourist industry.

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Looking up down under

Article Abstract:

While the economy of Australia is slowly growing out of the recession, high unemployment figures and a high current-account deficit continue. In Feb 1993, unemployment was 11.1% and the current-account deficit was 4% of GDP.

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