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Bouncing back

Country Monitor, 2011-08, Vol.19 (31), p.10

Copyright The Economist Intelligence Unit Aug 29, 2011 ;ISSN: 1528-4530 ;EISSN: 2048-4607

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  • Title:
    Bouncing back
  • Subjects: Consumption ; Economic forecasts ; Economic growth ; Exports ; Floods
  • Is Part Of: Country Monitor, 2011-08, Vol.19 (31), p.10
  • Description: Australia's economy has rebounded after a flood-induced contraction in January-March, expanding by a seasonally adjusted 1.2% quarter on quarter in April-June. Restocking made the biggest contribution to second-quarter growth, but private consumption and business investment also performed well. Although net exports remained a drag on growth, this should change as commodity exports ramp up again during the rest of the year. Analysts expect the economy to expand by 1.9% in 2011 as a whole, assuming that the global outlook does not worsen.
  • Publisher: New York: The Economist Intelligence Unit N.A., Incorporated
  • Language: English
  • Identifier: ISSN: 1528-4530
    EISSN: 2048-4607
  • Source: AUTh Library subscriptions: ProQuest Central
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