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Country	Interest Rate	Growth Rate	Inflation Rate	Jobless Rate	Current Account	Exchange Rate
Australia	4.50%	1.20%	3.10%	5.30%	-16551	0.8929

Australia Economic News

Australian Economic Growth Accelerates Published: 8/31/2010 11:04:57 PM By: TradingEconomics.com, Bloomberg Australia’s economy grew at the fastest pace in three years last quarter, stoked by China’s demand for iron ore.

Australian Unemployment Rises in July Published: 8/12/2010 11:35:20 AM By: TradingEconomics.com, Bloomberg Australia's unemployment rate rose to 5.3 percent in July as the number of people entering the work force outpaced growth in new jobs.

Australia's Growth May Gain Momentum by the End of This Year Published: 8/5/2010 5:48:34 PM By: Anna Fedec, contact@tradingeconomics.com In 2009, unlike many other major economies, Australia recorded year-over-year growth due to a strong banking system and successful monetary and fiscal policy. And although the pace of expansion in the first quarter of 2010 was weaker than expected, the recent surge in commodity prices, improving labor market and strong domestic demand are likely to support sustainable growth this year.

Commodities Drive Record Australia Trade Surplus Published: 8/4/2010 10:23:11 AM By: AFP Australia posted a record monthly trade surplus of 3.54 billion dollars (3.12 billion US) in June, as the resource-rich country enjoys a return to boom conditions.

Australia Keeps Key Rate at 4.5% Published: 8/3/2010 10:49:49 AM By: TradingEconomics.com, RBA Australia’s central bank kept interest rates unchanged for a third month after slower inflation and diminished financial risks abroad left officials with little need for any shift in policy.

Australia Inflation Cools Published: 7/28/2010 11:40:49 AM By: TradingEconomics.com, Bloomberg Australian consumer prices rose by much less than expected last quarter while core inflation slowed to its lowest in over three years, all but ruling out the need for an interest rate rise next week and possibly for the rest of the year.

Australia's Trade Surplus Widens in May Published: 7/6/2010 9:11:25 AM By: TradingEconomics.com, Bloomberg Australia’s trade surplus widened in May as exports of coal and gold climbed on demand from Asia, outpacing a gain in imports.

Australia Keeps Interest Rate at 4.5% Published: 7/6/2010 9:01:24 AM By: TradingEconomics.com, RBA Australia’s central bank paused in raising borrowing costs for a second month, and dropped a reference to the level of its benchmark being appropriate for the “near term,” citing concern about the global outlook.

Australia's Growth May Gain Momentum by the End of This Year Published: 6/24/2010 1:26:23 PM By: Anna Fedec, contact@tradingeconomics.com Australia has weathered the global downturn much better than other major economies. In fact, Australia’s managed to record year-over-year growth in 2009 due to a strong banking system and successful monetary and fiscal policy. In this article we argue that although the expansion recorded in the first quarter of 2010 was weaker than expected, the recent surge in commodity prices, improving labor market and strong domestic demand are likely to support sustainable growth this year.

Australia Added 26,900 Jobs in May Published: 6/10/2010 10:04:26 AM By: TradingEconomics.com, Bloomberg Australian employers added workers in May for a third straight month, underscoring the central bank’s assessment that economic growth will accelerate this year as a mining investment boom stokes hiring.

Australian Exports Jump Most in Three Decades Published: 6/3/2010 11:16:14 AM By: TradingEconomics.com, Bloomberg Australian exports excluding farm goods surged by the most in almost three decades in April as shipments of iron ore and coal to China pushed the trade balance to a surplus for the first time in 12 months.

Australian GDP Grows for Fifth Quarter Published: 6/2/2010 9:50:15 AM By: TradingEconomics.com, WSJ The Australian economy grew at a much slower pace in the first quarter than at the end of last year as the withdrawal of economic stimulus, surprise weakness in business investment and sluggish growth in export volumes took some of the steam out of activity.

Australia Keeps Benchmark Interest Rate at 4.5% Published: 6/1/2010 9:41:07 AM By: TradingEconomics.com, RBA Australia’s central bank left its benchmark interest rate unchanged and signaled it may keep borrowing costs steady in coming months as it assesses the impact of the most aggressive rate increases in the Group of 20.

Australia Employment Rises for Second Month Published: 5/13/2010 9:38:18 AM By: TradingEconomics.com, ABS Australia’s job growth accelerated in April, propelled by full-time employment, indicating diminished slack in an economy fueled by resource shipments to China.

Australia's Trade Deficit Widens in March Published: 5/8/2010 7:35:53 PM By: TradingEconomics.com, Bloomberg Australia’s trade deficit widened in March for a third month as exports of coal fell and oil imports rose, a sign domestic demand continues to spur the economy.

Australia Raises Key Interest Rate to 4.5% Published: 5/4/2010 9:29:06 AM By: TradingEconomics.com, RBA Australia’s central bank increased the benchmark interest rate for the sixth time since early October after policy makers raised their outlook for inflation and judged the nation is insulated from Greece-sparked debt woes.

Australia Inflation Accelerates to 0.9% Published: 4/28/2010 10:33:59 AM By: TradingEconomics.com, Bloomberg Australia’s inflation rate almost doubled in the first quarter to 0.9 percent, making it more likely that the central bank will keep raising borrowing costs.

Australia Jobless Rate Holds at 5.3% Published: 4/8/2010 12:10:08 PM By: TradingEconomics.com, Bloomberg Australian employers added more workers in March, keeping the unemployment rate at almost half the level of the U.S. and Europe and underscoring central bank Governor Glenn Stevens’ decision to boost borrowing costs.

Australia Raises Interest Rate to 4.25% Published: 4/6/2010 9:16:23 AM By: TradingEconomics.com, RBA Australia’s central bank raised its benchmark interest rate to 4.25 percent and signaled further increases, dismissing warnings that higher borrowing costs are already eroding consumer spending.

Australia’s Trade Deficit Widens Published: 4/1/2010 11:10:02 AM By: TradingEconomics.com, Bloomberg Australia’s trade deficit widened more than economists expected in February as coal exports declined and imports of machinery rose.

Australian Employment Rose Less Than Expected Published: 3/10/2010 9:25:06 PM By: TradingEconomics.com, Bloomberg Australian employers added fewer workers in February than economists forecast, giving central bank Governor Glenn Stevens scope to slow the pace of future interest-rate increases.

Australia’s January Trade Deficit Narrows Published: 3/3/2010 11:40:56 PM By: TradingEconomics.com, Bloomberg Australia’s trade deficit narrowed in January to the smallest gap in seven months as exports of iron ore rose and imports of gasoline declined.

Australia GDP Growth Accelerated to 0.9% Last Quarter Published: 3/3/2010 11:21:13 AM By: TradingEconomics.com, Bloomberg Australia’s economy grew last quarter at the fastest pace in almost two years, underscoring the central bank’s decision yesterday to boost borrowing costs for the fourth time in five meetings

Australia Raises Key Interest Rate to 4% Published: 3/1/2010 11:24:49 PM By: TradingEconomics.com, RBA Australia’s central bank resumed raising interest rates after a one-meeting pause, judging that the economy is strong enough to withstand any impact from global investor concerns on sovereign debt risks.

Australia's Jobless Rate Drops to 5.3% Published: 2/10/2010 8:13:57 PM By: TradingEconomics.com, ABS Australian employers added workers for a fifth straight month in January and the jobless rate fell 0.2 percentage points from December 2009.

Australia's Monetary Policy Has Been Driven By China’s Growth Published: 2/4/2010 3:59:34 PM By: Anna Fedec, contact@tradingeconomics.com In February, the Reserve Bank of Australia left interest rates unchanged despite of an influx of indicators pointing to growth acceleration and price pressures. Yet, after an explanation given by governor Stevens, it became clear that this unexpected decision was mainly prompted by recent Chinese easing of economic stimulus measures.

Australian Trade Deficit Widens Published: 2/2/2010 10:52:30 PM By: TradingEconomics.com, Bloomberg Australia’s trade deficit widened in December as imports of goods including gasoline surged the most in almost two years, adding to evidence of an economic rebound.

Australia Leaves Interest Rate Unchanged Published: 2/1/2010 10:48:11 PM By: TradingEconomics.com, RBA At its meeting today, the Reserve Bank Board decided to leave the cash rate unchanged at 3.75 per cent.

Australian Inflation Rises 0.5% Published: 1/26/2010 10:47:44 PM By: TradingEconomics.com, Bloomberg Australia's inflation rate picked up in the December quarter as food prices rose, adding to the likelihood of a rate hike.

Australian Employers Add 35,200 Workers Published: 1/13/2010 11:26:00 PM By: TradingEconomics.com, Bloomberg Australian employment soared for a fourth straight month as companies added three times more jobs than economists estimated.

Australia’s November Trade Deficit Narrows Published: 1/7/2010 10:15:28 AM By: TradingEconomics.com, Bloomberg Australia’s trade deficit narrowed in November as iron ore and farm exports jumped, while imports fell.

Australian Economy Grew 0.2% Published: 12/15/2009 11:36:37 PM By: TradingEconomics.com, Bloomberg Australia’s economy expanded in the three months through September for a third straight quarter, boosted by government spending on roads, ports and schools.

Australian Employment Soars Published: 12/9/2009 10:49:37 PM By: TradingEconomics.com, ABS Australian employment soared for a third straight month as companies added six times more jobs than economists estimated.

Australia Trade Deficit Soars Published: 12/8/2009 9:22:29 PM By: TradingEconomics.com, RSS, ABC News Australia posted a trade deficit of A$2.38 billion in October, compared to A$1.85 billion in the previous month. Both the exports and imports were down 3.0% and 1.0% respectively in the month.

Australia Increases Interest Rate to 3.75% Published: 12/1/2009 10:33:26 AM By: TradingEconomics.com, Bloomberg, RBA Australia’s central bank raised its benchmark interest rate by a quarter percentage point for an unprecedented third straight month as evidence mounts that the nation’s economy is strengthening.

Australian Employment Surges Published: 11/12/2009 8:33:43 AM By: TradingEconomics.com, Bloomberg Australian employers unexpectedly added workers in October, pushing the nation’s currency to its highest level this year on speculation the central bank will raise interest rates for a record third straight month.

Australia’s Economic Miracle Will be Damaged by Rate Hikes Published: 11/9/2009 6:05:47 PM By: Anna Fedec, contact@tradingeconomics.com In December, Australia's central bank raised interest rates for the third consecutive time. But making credit more expensive in the wake of a still weak recovery may prove to be very damaging for the Australian economy.

Australian Exports Jump Most in 11 Months Published: 11/5/2009 9:10:49 AM By: TradingEconomics.com, Bloomberg Australian exports rose in September by the most in almost a year, underpinning an economic rebound that prompted central bank Governor Glenn Stevens to lead the world in raising interest rates.

Australia Raises Key Rate to 3.5% Published: 11/2/2009 10:47:02 PM By: TradingEconomics.com, Bloomberg, RBA Australia’s central bank raised its benchmark interest rate by a quarter percentage point, the second increase in four weeks, amid signs the economy is strengthening.

Australian Inflation Cools to Slowest Pace in Decade Published: 10/27/2009 11:44:08 PM By: TradingEconomics.com, Bloomberg Australian inflation cooled to the slowest pace in 10 years, easing pressure on central bank Governor Glenn Stevens to increase the benchmark lending rate by a half point next week.

Australian Unemployment Falls Published: 10/8/2009 9:37:27 AM By: TradingEconomics.com, Bloomberg Australia’s jobless rat unexpectedly fell to 5.7 per cent in September, after employers hired more than 35,000 full-time workers.

Australia’s Trade Deficit Narrows Published: 10/6/2009 9:25:58 AM By: TradingEconomics.com, Bloomberg Australia’s trade deficit narrowed in August as a decline in imports of oil and consumer goods outpaced a drop in exports including coal.

Australia Raises Rate From 49-Year Low Published: 10/6/2009 9:23:24 AM By: TradingEconomics.com, Bloomberg, RBA Australia’s central bank unexpectedly raised its benchmark interest rate from a 49-year low and signaled further increases in coming months amid signs the economy is strengthening.

Will Australia’s Recovery Stop With Fading Stimulus Package? Published: 9/16/2009 8:21:54 PM By: Anna Fedec, contact@tradingeconomics.com In the second quarter of 2009, Australia’s economy grew 0.6% from a year earlier boosted by a significant fiscal stimulus. But is the Australian economy able to keep current pace of expansion once the stimulus wanes?

Australia Cuts Jobs as Stimulus Wanes Published: 9/10/2009 12:06:30 AM By: TradingEconomics.com, Bloomberg Australian employment fell in August by almost twice as much as economists estimated, driving down the nation’s currency on expectations the central bank won’t raise interest rates anytime soon.

Australia’s July Trade Deficit Widens Published: 9/2/2009 10:34:02 PM By: TradingEconomics.com, Bloomberg Australia’s trade deficit widened in July as exports fell and imports of oil and consumer goods rose.

Australian Economic Growth Accelerates Published: 9/2/2009 8:45:39 AM By: TradingEconomics.com, Bloomberg Australia’s economic growth unexpectedly accelerated in the second quarter, driving the nation’s currency higher on expectations the central bank will raise borrowing costs from a half-century low.

Australia Keeps Key Interest Rate Unchanged Published: 9/1/2009 9:24:02 AM By: TradingEconomics.com, Bloomberg, RBA Australia’s central bank kept interest rates unchanged for a fifth month to spur an economy that probably cooled in the second quarter

RBA Says Next Australian Rate Move May Be an Increase Published: 8/6/2009 10:36:49 PM By: TradingEconomics.com, Bloomberg Australia’s central bank said its next move on interest rates is likely to be an increase after it scrapped a prediction the economy will fall into a recession.

Australian Employers Unexpectedly Add 32,200 Workers Published: 8/5/2009 11:35:04 PM By: TradingEconomics.com, Bloomberg Australian employers unexpectedly added workers in July, driving up the nation’s currency on speculation the central bank will raise borrowing costs by the end of the year.

Australia’s Trade Gap Unexpectedly Narrows Published: 8/5/2009 11:22:02 AM By: TradingEconomics.com, Bloomberg Australia’s trade deficit unexpectedly narrowed in June as exports including gold rose and imports stagnated.

Australia Keeps Key Interest Rate Unchanged Published: 8/4/2009 9:30:29 AM By: TradingEconomics.com, Bloomberg, RBA Australia’s central bank kept interest rates unchanged at 3% for a fourth month as evidence mounts that the lowest borrowing costs in half a century are helping the economy rebound from the global recession.

Australian Inflation Rises 0.5% Published: 7/21/2009 11:40:20 PM By: TradingEconomics.com, Bloomberg Australian consumer prices rose in the three months through June, stoking speculation the central bank has finished a record round of interest-rate cuts.

Australian Employers Cut 21,400 Jobs Published: 7/8/2009 10:44:08 PM By: TradingEconomics.com, Bloomberg Australian employment fell in June as the global recession reduced demand for exports such as iron ore and coal, prompting mining companies to fire workers.

Australia Keeps Rate at 3% Published: 7/7/2009 8:28:13 AM By: TradingEconomics.com, RBA Australia’s central bank kept interest rates unchanged for a third month amid signs the lowest borrowing costs in half a century and government spending are helping the economy skirt the global recession.

Australia’s Trade Deficit Widens Published: 7/2/2009 9:13:42 AM By: TradingEconomics.com, Bloomberg Australia’s trade deficit widened in May as a drop in coal shipments pushed exports to the lowest level in 14 months, signaling economic growth may slow.

Australia Lost Fewer Than Estimated Jobs Published: 6/11/2009 9:53:36 AM By: Tradingeconomics.com, Bloomberg Australian employers cut fewer workers than estimated in May, adding to signs the economy may recover faster than other developed nations.

Australia Unexpectedly Posted Trade Deficit in April Published: 6/4/2009 6:36:25 PM By: Tradingeconomics.com, Bloomberg Australia’s trade balance unexpectedly turned to a deficit in April as lower prices for coal and iron ore led to the biggest slump in exports since 1997.

Is Australia on the Way to Recovery? Published: 6/4/2009 3:30:10 PM By: Anna Fedec, contat@tradingeconomics.com In the first quarter of 2009, the Australian GDP unexpectedly rebounded, growing at 0.4 percent. Is this temporary improvement or the indication of stable recovery?

Australia's Economy Unexpectedly Expanded Published: 6/2/2009 10:48:06 PM By: TradingEconomics.com, Bloomberg Australia’s economy has defied a global recession that has swamped the U.S., the U.K. and Japan, unexpectedly expanding in the first quarter on rising exports and consumer spending.

Australia Keeps Benchmark Rate at 3% Published: 6/2/2009 8:21:13 AM By: TradingEconomics.com, Bloomberg Australia’s central bank kept interest rates unchanged for a second month and said it has scope to cut them from a 49-year low to revive an economy that probably fell into its first recession in two decades.

Australia is Fighting Recession Published: 5/8/2009 11:47:16 AM By: Anna Fedec, contact@tradingeconomics.com In a May Statement on Monetary Policy the Australia’s central bank said the nation’s economy will shrink 1.25 percent in the 12 months through June before the “gradual” recovery in 2010. But comparing with other countries outlooks the Australian downturn looks relatively moderate. Why Australia is doing better than other developed economies?

Australian Employers Unexpectedly Add 27,300 Workers Published: 5/6/2009 10:39:57 PM By: TradingEconomics.com, Bloomberg Australian employers unexpectedly added workers in April and the jobless rate fell, supporting central bank Governor Glenn Stevens’ view that the nation’s economy will skirt the worst of the global recession.The jobless rate fell to 5.4 percent from 5.7 percent.

Australia March Trade Surplus Widens Published: 5/5/2009 10:48:48 PM By: TradingEconomics.com, Bloomberg Australia’s trade surplus unexpectedly widened in March for a third month as imports fell and farm exports rose.

Australia Leaves Key Interest Rate Unchanged at 3% Published: 5/5/2009 3:40:24 PM By: TradingEconomics.com Australia’s central bank kept its benchmark interest rate unchanged to gauge whether the lowest borrowing costs in 49 years and government spending will pull the economy out of its first recession in two decades.

Australian Inflation Slows to 2.5% Published: 4/22/2009 5:22:52 AM By: TradingEconomics.com, Bloomberg Australia’s annual inflation rate slowed in the first quarter to the weakest pace in 18 months as the nation’s first recession in almost two decades deepens.

Australia Jobless Rate Jumps Most in 18 Years Published: 4/8/2009 7:33:23 PM By: TradingEconomics.com, Bloomberg Australia’s unemployment rate jumped by the most in 18 years in March, adding to signs the nation is in its first recession in almost two decades.

Australia Cuts Rate to 49-Year-Low 3% Published: 4/7/2009 5:27:48 AM By: TradingEconomics.com, Bloomberg Australia’s central bank cut its benchmark interest rate to a 49-year low after policy makers signaled the economy faces its first recession since 1991.

Australia’s Trade Surplus Widens Published: 4/2/2009 5:04:31 AM By: TradingEconomics.com, Bloomberg Australia’s trade surplus unexpectedly widened in February as imports of consumer goods fell and exports of gold surged.

Australian Jobless Rate Climbs to 4-Year High of 5.2% Published: 3/11/2009 6:13:44 PM By: TradingEconomics.com, Bloomberg Australia’s jobless rate rose in February to the highest in four years as companies fired full- time workers, adding to signs the nation may be in its first recession in almost two decades.

Australia’s Is Fighting Recession (Update) Published: 3/8/2009 9:39:19 AM By: Anna Fedec, contact@tradingeonomics.com For the first time in eight years, Australia’s economy unexpectedly shrank in the fourth quarter of 2008. Could Australia fallow other major economies and deepen into recession or is it just temporary deterioration in economic activity?

Australia’s Trade Surplus Widens Published: 3/4/2009 9:09:26 PM By: TradingEconomics.com, Bloomberg Australia’s trade surplus widened in January as falling imports, including cars, outpaced a drop in exports.

Australian Economy Shrinks Published: 3/3/2009 5:53:28 PM By: TradingEconomics.com, Bloomberg Australia’s economy unexpectedly shrank in the fourth quarter for the first time in eight years as exports and housing slumped, increasing pressure on the central bank to add to a record round of interest-rate cuts.

Australia Keeps Rates Unchanged Published: 3/2/2009 7:46:07 PM By: TradingEconomics.com, Reserve Bank of Australia At its meeting on March 3, the Reserve Bank of Australia Board decided to leave the cash rate unchanged at 3.25 per cent.

Australian Employers Unexpectedly Add 1,200 Workers Published: 2/11/2009 7:32:35 PM By: TradingEconomics.com, Bloomberg Australian employers unexpectedly added workers in January, a sign the economy may avoid a recession that is gripping the U.S., U.K., Europe and Japan.

Australia’s Trade Surplus Narrows Published: 2/2/2009 7:50:40 PM By: TradingEconomics.com, Bloomberg.com Australia’s trade surplus narrowed in December by more than economists forecast as coal and metal exports declined.

Australia Cuts Interest Rate by 100 Basis Points Published: 2/2/2009 7:40:32 PM By: TradingEconomics.com, Reserve Bank of Australia Australia’s central bank cut borrowing costs to 3.25 per cent, the lowest level since the 1960s, as waning consumer confidence, falling house prices and job losses stoke speculation the nation is in its first recession since 1991.

Australia May Cut Rates to Lowest Since 1964 Published: 2/2/2009 12:42:16 PM By: TradingEconomics.com, Bloomberg Australia’s central bank may cut borrowing costs to the lowest level since the 1960s as waning consumer confidence, falling house prices and job losses stoke speculation the nation is in its first recession since 1991.

Australian Inflation Decline Published: 1/28/2009 5:38:04 PM By: TradingEconomics.com, Bloomberg Australian consumer prices declined by the most in 11 years last quarter, increasing scope for the central bank to cut interest rates as evidence mounts the economy is heading for its first recession since 1991.

Australia is Fighting Recession Published: 1/23/2009 2:28:09 PM By: Anna Fedec, contact@tradingeconomics.com Australia's economy is in a severe downturn after seventeen years of continuous growth and we believe 2009 may be the most challenging year for the country since the 1991/92 recession.

Australia’s Jobless Rate Climbs Published: 1/14/2009 7:11:50 PM By: TradingEconomics.com, Bloomberg Australia’s unemployment rate rose to the highest in almost two years as mining companies, airlines, and automakers fired full-time workers, adding to signs the economy faces its first recession since 1991.

Australia’s Trade Surplus Narrows Published: 1/8/2009 5:50:57 AM By: TradingEconomics.com, Bloomberg Australia’s trade surplus narrowed in November by more than economists forecast as iron ore and coal exports fell and imports gained.

Australia Jobless Rate Rises Published: 12/10/2008 4:55:42 PM By: TradingEconomics.com, Bloomberg.com Australia’s jobless rate climbed to the highest in a year as employers cut part-time workers in November, adding to signs the economy may follow Japan, the U.S. and Europe into a recession.

Australia’s Trade Surplus Widens Published: 12/4/2008 5:44:54 AM By: TradingEconomics.com, Bloomberg.com Australia posted a record trade surplus in October, twice as large as economists forecast, as coal exports surged and import growth stagnated.

Australia’s Economy Grows 0.1% Published: 12/2/2008 7:47:42 PM By: TradingEconomics.com, Bloomberg.com Australia’s economy grew last quarter at the weakest pace in eight years as household spending stalled, increasing pressure on the central bank to add to the biggest round of interest-rate cuts since a recession in 1991.

Australia Cuts Rates by One Point Published: 12/1/2008 7:41:37 PM By: TradingEconomics.com, Bloomberg.com Australia’s central bank cut its benchmark interest-rate by one percentage point, extending the biggest round of reductions since a recession in 1991.

RBA Ready to Cut Rates Again Published: 11/10/2008 5:29:56 AM By: TradingEconomics.com, Bloomberg.com Australia's central bank signaled it's prepared to add to the most aggressive interest-rate cuts in 17 years as it tries to ensure the economy sidesteps a looming global recession.

Australian Employment Surged Published: 11/6/2008 5:14:31 AM By: TradingEconomics.com, Bloomberg.com Australian employment unexpectedly surged in October by the most in six months, a sign lower interest rates, government handouts and exports may help the economy sidestep a global recession.

Australia Cuts Rate by 75bp Published: 11/4/2008 5:04:41 AM By: TradingEconomics.com, Bloomberg.com Australia's central bank cut its benchmark interest rate by a larger-than-expected three quarters of a percentage point, the third reduction in as many months, amid evidence global financial turmoil is buffeting the economy.

Australian Inflation Reaches 5% Published: 10/21/2008 7:09:14 PM By: TradingEconomics.com, Bloomberg.com Australia's annual inflation accelerated in the third quarter to the fastest pace since 2001, driven by costs for housing and food.

Can Australia Avoid Severe Recession? Published: 10/15/2008 11:02:53 AM By: Anna Fedec Although Australia is at its 17th year of continuous growth, some signs of a slowdown are becoming more visible. Can one of the strongest economies in the world avoid a major slowdown and a possible recession?

Australia's Jobs Growth Slows as Economy Weakens Published: 10/8/2008 6:20:34 PM By: TradingEconomics.com, Bloomberg Australian employers hired fewer workers in September as the nation's 17-year economic expansion slows amid a drop in consumer spending.

Australia Cuts Rate by 100 Basis Points Published: 10/6/2008 8:37:42 PM By: TradingEconomics.com, RBA At its meeting today, the Board decided to lower the cash rate by 100 basis points to 6.0 per cent, effective 8 October 2008.

Australia's Trade Balance Turns to Surplus Published: 10/1/2008 7:16:14 PM By: TradingEconomics.com, Bloomberg Australia's trade balance turned to a surplus in August as coal exports rose and imports fell.

Australian Dollar Rally After U.S. Rescue of AIG Published: 9/17/2008 5:49:04 AM By: TradingEconomics.com, Bloomberg.com The Australian dollar rallied against the U.S. and Japanese currencies after the U.S. government agreed to take over American International Group Inc. to save it from collapse.

Australian Employment Rises Published: 9/11/2008 4:51:28 AM By: TradingEconomics.com, Bloomberg Australian employers hired almost three times as many workers in August as economists forecast, adding to evidence a mining boom is helping offset weaker domestic demand.

Australia's Economic Growth Slows to 0.3% Published: 9/2/2008 6:47:48 PM By: TradingEconomics.com, Bloomberg.com Australia's economic expansion slowed in the second quarter to the weakest pace in two years as consumers reduced spending, reinforcing the central bank's decision to cut interest rates for the first time since 2001.

Australia Cuts Rates Published: 9/2/2008 4:48:53 AM By: TradingEconomics.com, Financial Times Australia’s central bank cut its benchmark interest rate for the first time in nearly seven years as it responded to an easing in inflationary pressure and weakening economic growth.

Australian Dollar Falls Published: 8/31/2008 8:42:02 PM By: TradingEconomics.com, Bloomberg.com The Australian dollar dropped to its lowest level in four months against the yen as a slide in U.S. and Asian stocks prompted investors to pare holdings of higher- yielding investments funded in Japan.

Australian, NZ Dollars Are Poised for Monthly Decline Published: 8/28/2008 7:18:18 PM By: TradingEconomics.com, Bloomberg The Australian dollar fell, headed for the biggest monthly loss in 22 years, on speculation the nation's interest-rate advantage over the U.S. will narrow. New Zealand's dollar headed for a third monthly loss.

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