Buy custom With reference to economic indicators describe the economic conditions prevailing in the Australian economy over the past five years
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| Topic: |
Business
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| Number of pages / Number of words: |
3 / 642 |
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This grant of $14,000 for people building their first home greatly propped up the housing industry through encouraging many people who would not have otherwise bough houses to do exactly thereby creating upturns in retail sales and hence economic growth.
As the year 2001 continued by, the Australian economy stayed strong with the Australian government helping to sustain its growth through lowering interest rates and as such causing increases in investment...
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This helped the Australian economy to not only defy the global down turning trend, growing at 4.1%, some ten times the OECD average, but also to weather the far reaching effects of the September 11 attacks that not only contributed to the American downturn but also greatly affected many global markets...
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