Monday, November 29, 2010

Australian Economy This year

It seems as though Australia has done pretty well for themselves coming through the recession. Over the past few years Australia was the first G-20 nation to tighten monetary policy. People generally refer to Australia as the Canada of down under. The two countries seem interchangeable aside from the goofy accents!
In 2009 Australia had its lowest amount of growth in a few years, but it was still at .8%. It is not a negative!
Australia relies on its tourism and service sectors.

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