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The popularity of Hawke's prime ministership, along with the health of the Hawke-Keating political partnership deteriorated along with the Australian economy and Keating began to position himself for a challenge. [10] The Government promised economic recovery for 1991 and launched a series of asset sales to increase revenue.
Australia's recession affected New Zealand's economy as Australia was New Zealand's biggest export market. [ 2 ] [ 3 ] It is said that the term Great Recession as a description of the post-2008 slump is not recognized by Australians particularly those under 30 due to its mild, intangible impact on the country's economy.
In the most up-to-date WIPO-supported study published in 2017, [169] the copyright industries contributed $122.8 billion to the Australian economy in 2016 amounting to 7.4% of Australia's total economic output. The 2016 figure represented an increase of $8.5 billion compared to 2011, with a growth in value added growing at 1.4% per annum (since ...
The Australian governments of this period, dominated by the conservative Liberal Party of Australia, were broadly successful in maintaining economic growth and unemployment, but were criticised by opponents for failing to effectively control inflation, instituting periodic "credit squeezes" (1952 and 1961), and rejecting national economic ...
Housing economists point to five main reasons that the market will not crash anytime soon: low inventory, lack of new-construction housing, large amounts of new buyers, strict lending standards ...
Canada's economy is closely linked to that of the United States, and economic conditions south of the border tend to quickly make their way north. Canada's stock markets were especially hard hit by the collapse in high-tech stocks. For much of the 1990s the rapid rise of the TSX had almost wholly been attributed to two stocks: Nortel and BCE ...
The Australian dollar has broken down significantly during the trading session on Monday to kick off the trading week, reaching all the way down to the 0.63 level. What is significant about this ...
Reduction in the cash rate to 0.1% (down from 0.25% set in April 2020) Reduction of target of 3 year bond yield to 0.1%, with commencement of Quantitative Easing, by announcing the quantity of bond buying - $100 billion of government bonds over a six-month period. Reduction in the interest rate on Exchange Settlement balances to 0.0%