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.
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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.
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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.
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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.
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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.
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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.
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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.
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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.
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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.
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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.
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