The Australian Institute of Export (AIEx) is offering Dynamic Export readers free attendance to this year’s Annual Economic Review, designed to deliver insights to enable SMBs to survive difficult economic times.
...read moreArticles Tagged 'economic downturn'
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The sovereign debt crisis in Greece has infected the eurozone and will hinder global economic growth, according to Roger Donnelly, chief economist at government credit agency Export Finance and Insurance Corporation (EFIC). Donnelly says because the eurozone comprises 20 percent of world GDP and 16 percent of the world’s importing, any funding problems would cause [...]
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Dubai, until recently one of the most prosperous nations of the United Arab Emirates, has fallen into economic trouble. The state-owned company Dubai World has requested an extension to its debt repayment of US$59 billion, an amount representing almost three quarters of the debt of the entire emirate. The Dubai Government last week sought a [...]
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A recently released report by the Australian Bureau of Agricultural and Resource Economics (ABARE) has revealed the decline of Australia’s forestry sector, which they have attributed to the global financial crisis. The bi-annual Australian Forest and Wood Products Statistics report showed exports were strong in the first half of the 2008/09 financial year but a [...]
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Results from research conducted by Concierge Business Travel shows that the travel management policies of large Australian companies have changed since the global financial crisis hit. The agency has seen an increase in the ration of low-cost fixed domestic fares purchased compared with higher-cost flexi-fares, from 58:42 percent to 74:26 percent. “This represents a 28% [...]
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Despite the global economic downturn, tourism showcase the Australian Tourism Exchange (ATE) has been declared a success in securing the commitment of 600 buyers from 40 countries. The event concluded last week with more than 100,000 business appointments taking place during the event. Outgoing Tourism Australia managing director Geoff Buckley said the result was outstanding [...]
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The Ambassadors to Australia from Brazil, Russia, India and China – the four ‘BRIC’ countries forecast to dominate the global economy – met last week to discuss areas of mutual interest including trade and mitigation strategies for the global economic downturn. Hosted by the Brazilian Ambassador Fernando de Mello Barreto, and organised by BRIC expert [...]
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Economists in France have revised their forecasts and now say that their economy will shrink by three percent – twice the size of the contraction they originally predicted. Recovery will now come in 2010 with slow growth of 0.5 percent, which is half the rate of initial government forecasts. According to Agence France-Presse, a source [...]
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Austrade chief economist Tim Harcourt believes that Australia’s relationship with China, as well as productivity gains in the agriculture sector, have contributed to an improvement in our trade figures. The Australian Bureau of Statistics results from the March quarter revealed that net exports contributed 2.2 percent to gross domestic product, the largest contribution since 1961. [...]
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The Institute for Economics and Peace has found that the global economic downturn has affected peace around the world. Conversely, lost peace cost the world economy $7.2 trillion a year. The institute, an organisation that aims to link peace with prosperity, has released a study alongside their annual Global Peace Index showing the effects of [...]
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