Join the Export Community
The 2010/11 summer was a big one for tourism in Australia. Despite flooding in various parts of the country and a rising Australian dollar, we secured a visit from US talk show queen Oprah Winfrey, populated summer music festivals, brought in crowds for Sydney’s New Year’s Eve and kept them for Sydney Festival. Not to [...]
...read more
The US government’s stimulus packages saved 2 million jobs, according to data released by the White House, but the country’s economic future is still uncertain. US President Barack Obama signed off on the $US787 billion stimulus package in February 2009, but the jobless rate still hit double digits during the year. He recently called for [...]
...read more
Third quarter economic results for Japan show a lower than expected growth rate as businesses slash spending. According to Japan’s Cabinet Office, gross domestic product rose at an annual 1.3 percent pace, much less than the expected 4.8 percent. Economists expected about a 2.8 percent growth. The cabinet report revealed that companies were holding back [...]
...read more
The Chinese government’s financial stimulus measures have boosted industrial production and sales while lowering consumer prices, according to new data released by China’s National Bureau of Statistics. October figures showed a 16.1 percent increase in industrial production and a rise in retail sales compared with the same time last year. It was also up from [...]
...read more
The International Monetary Fund (IMF) has raised the forecast for Asia’s economic growth but says it may not be sustainable due to its continued reliance on the rest of the world, particularly consumer demand in the USA and Europe. Governments in the region have successfully stimulated their respective economies and global trade has lifted, giving [...]
...read more
The USA has recorded a 3.5 percent rise in their gross domestic product for the third quarter, marking the end of their four-quarter recession. The figures are a good indication that the American giant will grow in 2010. US President Barack Obama attributed recovery to his administration’s US$787 billion stimulus package: “This recession is abating [...]
...read moreJapan’s Finance Minister Hirohisa Fujii has flagged the need to implement an exit strategy with regard to the country’s expansionary monetary policies, but notes it is too early to do so considering the current state of the economy. Despite a revival, the Japanese economic recovery will be slow due to rising unemployment and falls in [...]
...read moreThe latest Economic Outlook report by the Organisation for Economic Cooperation and Development (OECD) has supported the Federal Government’s stimulus measures, saying it has worked to keep Australia in a relatively strong economic position during the global downturn. The average OECD unemployment rate is expected to come close to 10 percent; Australia’s is just 5.8 [...]
...read moreEuropean Union Commission chief Jose Manuel Barroso has cast doubt on the stability of the bloc’s recovery, with remarks about the economic situation remaining “very volatile”. “The impact of the financial and economic crisis is still tangible in Europe and we have much still to do,” he said. “Several European countries are seeing encouraging signs [...]
...read moreThe German Finance Ministry yesterday released a report that suggests the German economic recovery may not be as stable as first thought. Although figures from the June quarter released earlier this month showed that Europe’s largest economy had come out of recession, the growth was largely due to the government’s fiscal stimulus package and may [...]
...read more