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Mining boom delivers surprise GDP boost
 
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Economists and the Federal Opposition are reeling after the release of statistics showing a 4.3 per cent annual growth rate on the back of miraculous mining figures.
Australia's economy needs big investment in innovation, experts say
 
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When Malcolm Turnbull took over as Prime Minister he promised that, with the mining boom over, innovation would be the key to unlocking jobs and growth. But, two-and-a-half years later, those responsible for commercialising new ideas say Australia is being left behind with sustained cuts to higher education and low business investment in research and development. One of the Government's own advisers says Australia is comparable to third world economies reliant on old industries like banking and mining, against countries like the US where the top companies are all high-tech. Chief economics correspondent Emma Alberici reports. For more from ABC News, click here: http://www.abc.net.au/news/ Follow us on Twitter: http://twitter.com/abcnews Like us on Facebook: http://facebook.com/abcnews.au Subscribe to us on YouTube: http://ab.co/1svxLVE Follow us on Instagram: http://instagram.com/abcnews_au
Views: 11169 ABC News (Australia)
China's demand spurs Australian mining boom - 9 Jan 09
 
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Subscribe to our channel http://bit.ly/AJSubscribe Australia has been one of the beneficiaries of China's economic growth over the last two years. Despite cooling off slightly during the global economic crisis, China's continuing demand for raw materials has been a major boost to the Australian mining industry. China's need for commodities such as iron ore is helping mineral-rich Western Australia lead the rest of the country to recovery. Al Jazeera's Aella Callan reports from the small coastal town of Geraldton, where plans are under way to build a new deep water port by 2012 to keep up with the demand from China and other emerging economies in Asia. At Al Jazeera English, we focus on people and events that affect people's lives. We bring topics to light that often go under-reported, listening to all sides of the story and giving a 'voice to the voiceless.' Reaching more than 270 million households in over 140 countries across the globe, our viewers trust Al Jazeera English to keep them informed, inspired, and entertained. Our impartial, fact-based reporting wins worldwide praise and respect. It is our unique brand of journalism that the world has come to rely on. We are reshaping global media and constantly working to strengthen our reputation as one of the world's most respected news and current affairs channels. Social Media links: Facebook: https://www.facebook.com/aljazeera Instagram: https://instagram.com/aljazeera/?ref=... Twitter: https://twitter.com/ajenglish Website: http://www.aljazeera.com/ google+: https://plus.google.com/+aljazeera/posts
Views: 8844 Al Jazeera English
Australia's economic boom is bust for some
 
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Australia's economy - the "wonder from Down Under" - continues to perform well despite a predicted China slowdown. But not all Aussies are reaping the benefits of the resource-rich country's success. Duration: 02:28
Views: 1888 AFP news agency
Mining boom pushes economy along
 
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A new report predicts Western Australia's resources sector will continue to flourish and fuel the nation's economic growth.
Australian mining boom masked slide in annual wage growth, economists say
 
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Economists say the Australian mining boom has masked a deterioration in wage growth that threatens Australia's economy. Source: http://www.abc.net.au/news/2015-08-13/mining-boom-masks-deterioration-in-wage-growth-economists-say/6696156
Views: 40 John Burns
Australia's Surging Economy Due To Mining Boom - Growing Faster Than The Rest Of The World
 
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Some call it the miracle economy. Once again Australia has managed to prove forecasters and sceptics wrong. Construction for the mining boom has helped the economy grow in the first quarter of the year at a rate nearly twice as strong as most had suspected. ABC News, Queensland 06 June 2012
Views: 1065 Jason Active
Australia's GDP hits recession-level low
 
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Queensland's flood and cyclone disasters have taken a toll on the national economy with a fall in GDP not seen since the 1990s.
Mongolia's Mining Boom (2012)
 
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The Big Dig: Mongolia is the new frontier in a massive, break-neck speed resources rush. But as it races to take advantage of Chinese demand, helped along by Rio Tinto, what is it getting from digging up the steppes? For similar stories, see: The Children Risking Their Lives In Underwater Gold Mines https://www.youtube.com/watch?v=P1L_pxYZVwE Is Bolivia's Lithium-mining Industry Expanding Beyond Its Control? https://www.youtube.com/watch?v=P7bKoAaHXqw Is Space Mining Set To Change The World? https://www.youtube.com/watch?v=IKAQmE1Iexw Subscribe to journeyman for daily uploads: http://www.youtube.com/subscription_center?add_user=journeymanpictures For downloads and more information visit: http://www.journeyman.tv/film/5694/the-big-dig Like us on Facebook: https://www.facebook.com/journeymanpictures Follow us on Twitter: https://twitter.com/JourneymanVOD https://twitter.com/JourneymanNews Follow us on Instagram: https://instagram.com/journeymanpictures Genghis Khan must be rolling in his grave as foreigners arrive in Mongolia to plunder his once mighty domain. Australian miner Rio Tinto is about to open one of the biggest copper mines on the planet in Mongolia, which will soon account for more than 30% of the country's entire GDP. "Some of the optimistic geologists we have say that this business could run for up to 100 years", Cameron McRae from Rio Tinto explains. But the company only cedes the Mongolian government a 34% stake, provoking worries about where the benefits of Mongolia's resource wealth will go. There's concerns the government is ill-equipped to strike complex mining deals in the national interest. "The deal is a financial transaction and whether it's really beneficial to Mongolia, I have many doubts about that", argues Dorjdari from the Responsible Mining Initiative. Environmentalists also worry that the mining push has come so fast and so aggressively that proper checks and balances are not in place. "Most tourists come to Mongolia because they want to see that pristine open space blue sky, but what if we couldn't offer it anymore?" ABC Australia – Ref. 5694 Journeyman Pictures is your independent source for the world's most powerful films, exploring the burning issues of today. We represent stories from the world's top producers, with brand new content coming in all the time. On our channel you'll find outstanding and controversial journalism covering any global subject you can imagine wanting to know about.
Views: 29019 Journeyman Pictures
Warning on mining boom slowdown
 
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Melissa Clarke discusses a warning by Deloitte Access Economics that the Government cannot rely on the mining boom to keep the budget in surplus.
State of Play: Australian economic outlook - May 2018
 
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Bruce Cooper provides an update on the economic climate for the first half of 2018 and the key industries providing opportunities for foreign investors. _________________________________________________ You can also find this video on our website https://www.claytonutz.com/knowledge/video/state-of-play-australian-economic-outlook-may-2018 See more videos from Clayton Utz here https://www.claytonutz.com/videohub/ Follow us on Social Media https://www.linkedin.com/company/clayton-utz https://twitter.com/claytonutz Transcript Australia's economic outlook for 2018 remains strong. Our traditional ties to Asia coupled with our relatively low sovereign debt around 20% of GDP means that we are projecting a 5 year economic growth cycle which is better that most of our advanced economy peers. Confidence and conditions generally across the Australian economy are strong, consumer sentiment is high and business confidence indices are the highest they've been for quite some time. That confidence plays out in traditional sectors, the mining sector, finance and services, logistics, construction and the property sector. The only dark cloud on the horizon, and frankly it's not a dark cloud, it's a grey tinged cloud, is the retail sector and frankly that's no different from the challenges in retail is facing globally. As far as inbound capital flows into Australia the last measurable quarter, which was the 2017 quarter, shows that inbound capital is strong at around about $79 billion worth investment. And that's more than 10% of the next best favourable rolling one year period back in 2012, which was widely considered to be the peak of the mining investment boom. The stock of foreign capital in Australia stands at around about $900 billion, higher than 2012. Again that being the peak of the mining investment boom. US and European funds continue to be a mainstay of inbound investment in Australia, given the challenges that they face in investing in riskier Asian jurisdictions. In addition, relaxation in media laws late last year mean there may be media opportunities as well as the more traditional mining and allied infrastructure opportunities. Australia's start up ecosystem is particularly robust and is growing with strong capabilities in the fintech, the agricultural technology, the edtech and the medtech sectors. We continue to see a number of tech IPOs with foreign tech companies favouring Australia for an ability to list earlier on a globally recognised exchange with access to an investor base that is active in smaller mid-cap companies. The governing Liberal Party continues to advocate a cut in the Australian company tax rate of 30%. There will be an election in Australia sometime between August 2018 and May 2019. An Australian election is always at the discretion of the Prime Minister. So there remains some uncertainty as to how the political landscape over the coming year will play out into the economic landscape. The Australian dollar continues to trade at around 76c to the US dollar and there's a sense that that's about where the Australian dollar belongs. So the bottom line, a strong economy, confident economy, business confidence high, increasing foreign investment and a robust and welcoming climate for foreign investors entering Australia.
Views: 292 Clayton Utz
5g - The economics of the Australian mining boom
 
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We use our economic analysis to make predictions about Australia's mining boom (from 2004 - 2014). We then compare the predictions from simple theory with what actually happened.
Views: 2743 stephen king
We need to keep the economy strong & give WA its fair share
 
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Canberra benefits from the mining boom, but Mr Howard gives less and less back to the West, Kevin Rudd says in this video, announcing a WA infrastructure fund that will see around 100 million dollars a year go into key economic infrastructure in the West.
Australian Economy Figures Reveal A Growth of 4% But Not Everyone Is Convinced
 
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It might be hard to believe but according to the latest figures, our economy is back to boom time. We're still struggling though, just ask the retailers. 06 June 2012 Nine News, Queensland
Views: 139 Jason Active
GDP Data Projection
 
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Gross Domestic Product (GDP) is a fundamental statistic used to evaluate the strength of a countries economy. Given the importance of this statistic for policy makers and stakeholders, it is amazing how little individuals know about its measurement and interpretation. Our App, GDP Data Projection seeks to help explain Australia’s GDP statistics by presenting a visual display of Australia’s national GDP and a state-by-state dissection across 24 years of quarterly data.
Views: 55 UppyCSGO
Economic Growth: United States vs Australia
 
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Tom Eddlem, writer for The New American, gives a contrast between Australia's economy and the United States'. From extensive research, he describes why some economies grow and others don’t due to contributing factors such as national debts, national savings, and GDP. More news at: http://www.thenewamerican.com/ Facebook: http://www.facebook.com/TheNewAmerican Twitter: https://twitter.com/NewAmericanMag
Economy of Australia
 
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Economy of Australia The economy of Australia is one of the largest mixed market economies in the world, with a GDP of AUD$162 trillion as of 201521 Australias total wealth is AUD$64 trillion in 201322 In 2012, it was the 12th largest national economy by nominal GDP23 and the 17th-largest measured by PPP-adjusted GDP, about 17% of the world economy Australia is the 19th-largest importer and 19th-largest exporter The Reserve Bank of Australia publishes quarterly forecasts of the economy24 The Australian economy is dominated by its service sector, comprising 68% of GDP The mining sector represents 7%25 of GDP; including services to mining, the total value of the mining industry in 2009-10 was 84% of GDP26 Economic growth is largely dependent on the mining sector and agricultural sector 12% of GDP27 with the products to be exported mainly to the East Asian market28 Despite the recent decline of the mining boom in the country, the Australian economy has remained resilient and stable2930 The Australian Securities Exchange in Sydney is the largest stock exchange in Australia and in the Sou Economy of Australia Click for more; https://www.turkaramamotoru.com/en/economy-of-australia-37221.html There are excerpts from wikipedia on this article and video
Views: 18 Search Engine
The Future of the Australian Economy
 
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Australia’s most respected and renowned economic commentator Saul Eslake, discussed the future of the Australian economy at a University of Canberra public lecture. In the address, hosted by the University’s National Centre for Social and Economic Modelling (NATSEM), Mr Eslake reviewed Australia’s current economic situation, following the end of the mining boom and a slowdown in the Chinese economy.
Australia's mining boom brings population shifts
 
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http://cellsoftware1.blogspot.com click this link 4 more In Australia, the latest census reveals a shifting population, mainly due to the resources boom there. It also shows a quarter of Australians are now born overseas, many coming from a growing number of Indian and Chinese migrants and this may influence how Australia's economy ticks.
Views: 243 Meenakshi raju
Australian Treasurer Scott Morrison has precided over the worst GDP figures since the GFC
 
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7/12/2016 Australia's economy has shrunk by 0.5%, the worst since the global financial crisis.
Views: 151 Qldaah
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         Australia records its strongest GDP growth in a year
 
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Australia records its strongest GDP growth in a year - The Kohler Report - ABC News (Australian Broadcasting Corporation) Australia records its strongest GDP growth in a year - The Kohler Report - ABC News (Australian Broadcasting Corporation) Australia records its strongest GDP growth in a year - The Kohler Report - ABC News (Australian Broadcasting Corporation) Video 1:35 Australia records its strongest GDP growth in a year Video 1:35 Australia records its strongest GDP growth in a year Video 1:35 Australia records its strongest GDP growth in a year
Views: 246 PrettyVideos
Australia is facing financial MELTDOWN
 
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Five charts that show why Australia is facing financial MELTDOWN UNEMPLOYMENT in Australia is rising and economic growth is slowing with experts fearing the country is about to go through a significant downturn. Resource-rich Australia has benefited hugely from the exponential growth in China's economy in recent years, by supplying the raw materials that has powered the Asian boom. In line with the rise in supplying China, Australia switched from an economy making its own goods to one that digs materials out of the ground. Mining as a percentage of Australian GDP has jumped to 8.6 per cent, while manufacturing has steadily dropped. But now the colossal Chinese economy is slowing down and, as Australia's top export destination, the abating is expected to have a big impact.
Views: 1160 Real Thing TV
General Skilled Migration(GSM) - Australia
 
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This is my ice breaker speech at ToastMasters, on General Skilled Migration(GSM). This is on what's in it for the Immigration Nation to invite around 200,000 migrants every year. The inter-generational report is discussed in here. This is an analysis on how GSM boosts the Australian Economy, GSM's contribution to Australia's GDP, GSM as a remedy to aging population problem in Australia, GSM, Net Overseas Migration (NOM) levels, Permanent Residents (PR) stats, Skilled Visa and Family Visa numbers. Transcript: Narration (Intro): Last 2 years, around 200 K people got PR in Australia. They made Australia colourful, they are still making it colourful, singing dancing and considering it as their second home. They had their reasons to come to Australia and Australia has its reasons too. I had a chance to speak in a local public speaking club on GSM - genera skilled migration and what’s in it for the immigration nation. Speech Transcript: We are one…. We are many and from all the lands on earth we come. We share a dream and sing with one voice… I am , You are , We are Australians. Fellow Toast masters and my dear guests, this is Sujith Billa and today I am going to talk about GSM- General Skilled Migration. General Skilled Migration definitely contributes to the GDP growth in Australia. This is not me saying it but but this is what the Australian Bureau of Statistics says. that . If you look at the numbers from 2014 - 15 from the department of Immigration and Border Protection, 190,000 migrants have come to Australia. Out of them 68% are skilled and 32% are family stream. Can I say that the family stream migrants doesn’t come, sit back and watch TV. They eventually join the workforce.So they too contribute to the GDP. Industry wise, if you have a look at that, The mining boom is going down. According to the intergenerational report, in 2050, we are looking at the manufacturing sector and we are looking at other sectors including the IT sector. These migrants contribute, eventually to different sectors as well. If we talk about different visa types, we have got the student visa, we have got the skilled independent visas, we have got the most talked about Visa, the 457 visa , which was an election issue, last elections. These visas contribute to the GDP as well. Starting from TimTams, migrations buy, ….the list goes on up to houses. They make residential investments and then boost the Australian Economy. The problem in Australia today is the ageing population. Again, according to the intergenerational report, there are 3 P’s. one of the P’s is population. This is endorsed by the Australian Parliament and Australian government in Canberra. the foreword is written by the Treasurer. they say that the ageing population in 2050 would be worse and if you compare the migration stats with the ageing population, the more number of migrations we have means the more number of people we have in the workforce. Narration(Conclusion:) We not boost the Australian economy but also provide entertainment as well. Look at this..SITA Garden. the mini India.event 1 in the white night Melbourne 2015. This is GSM- Global Skilled Migration.
Views: 1650 Sujith Talks
Sterling flash crash, Australian GDP
 
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Vanessa Kortekaas has Wednesday’s top stories from around the world, including a sterling flash crash investigation focusing on a Citi trader, Australian GDP contracts and an exiled opposition leader vowing to return to Democratic Republic of Congo ► Subscribe to FT.com here: http://on.ft.com/2eZZoLI ► Subscribe to the Financial Times on YouTube: http://bit.ly/FTimeSubs For more video content from the Financial Times, visit http://www.FT.com/video Twitter https://twitter.com/ftvideo Facebook https://www.facebook.com/financialtimes
Views: 698 Financial Times
InstaForex News 6 June. Australia's GDP on Increase, Rates On Decrease
 
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InstaForex News 6 June. Australia's GDP on Increase, Rates On Decrease
Views: 30 InstaForex
Australian economy records high growth
 
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Australia's economy has recorded unexpectedly high growth for the first quarter of the year. New GDP figures show the economy grew 1.3 percent in the March quarter more than twice the expected rate. The Prime Minister and Treasurer say Australians should be proud and the doomsayers should stop. The Opposition is calling the result extraordinary. Watch World News Australia 6.30pm nightly and 10.30pm Mon-Fri on SBS ONE.
Views: 409 SBS News
Explained: Australia's current economic position
 
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There are differing assessments of how good or bad Australia's fiscal position is - depending on who you ask. ABC News' Jeremy Fernandez investigates. Read more: http://ab.co/1md1a4F http://abc.net.au/news http://twitter.com/abcnews http://youtube.com/newsonabc http://facebook.com/abcnews.au http://instagram.com/abcnews_au
Views: 38143 ABC News (Australia)
Mining boom hiding a soft economy
 
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http://www.facebook.com/KeepCalmAbbottisnotPM
Views: 52 liberalcynic
Australia 2025...?
 
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Major structural changes are being wrought on the Australian economy... where might this take us...?
Views: 2717 ABC News (Australia)
Australian economy pivots on mining
 
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Australian economy pivots on mining
Views: 279 InstaForex
Fastest Growing Countries in the World
 
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From countries with rapidly growing populations to countries gaining wealth quite rapidly, here are 11 fastest growing countries in the world. Subscribe to American Eye! 4. Panama While many Central American countries are beginning to move in the wrong direction, Panama is unique and home to the strategic canal. On one side of Panama is the Pacific Ocean and on the other side is the Caribbean sea. The US was the one who built the Panama Canal back in 1914 but no it’s the Panamanians who wreak the benefits of this modern wonder of engineering, which is certainly one of the reasons they’ve been able to grow. Panama gained full control of the canal thanks to a treaty in 1999. In 2016, The canal has expanded since then order to accommodate much larger ships. This should certainly be an important factor for the future of Panama. GDP has been continually increasing since 2012 however the wealth distribution here hasn’t been all that great with ¼ of the population living under the poverty line. Due to Panama’s tropical climate, they’ve been able to grow numerous crops which can be easily exported thanks to the expansion of their canal. The sky's the limit for panama if they can maintain social order 3. Ethiopia Believe it or not, but the country of Ethiopia has made drastic improvements in the past decade and both their GDP and population is on the rise. Ethiopia is home to one of the fastest growing economies in the world and their GDP growth percentage has been well above the world average. This measured in at first place reaching 8.3 percent in 2016, right above Uzbekistan. China has been willing to invest in Ethiopia’s infrastructure plan but everyone still kind of worried a drought might happen again which will set them back again. Despite the drought that set them back, they’ve been export quite a few products including coffee, sugar and cereals. Other industries appear as though they’ll surpass ethiopia’s agriculture such as leather manufacturing and gold mining. 2. India With an ever growing GDP per capita, India continues to surprise people how fast they are able to grow. It’s now the 2nd largest country by population. Home to one of the earliest civilizations in the Indus Valley, India has been a thriving nation full of resources and many foreign invaders knew this. However, in modern times, it’s taken india quite a while to adjust. Within the past few decades, they’ve become a global force to reckon with. Some major cities such as New Delhi and mumbai have over 20 million residents each. They seem to exponentially be growing in population and their population has risen by 200 million people since 2001. 1. Indonesia With 261 million people, indonesia is becoming a rapidly growing nation both economically and by population. From 1960 to the mid 1990’s the population here has doubled from 100 million to 200 million and they’ve continued to grow since. With naturally beautiful places such as Bali and various volcanoes, indonesia is home to many resources, even one of the biggest gold mines in the world. They now have the largest economy in southeast asia, and many believe they will continue to be a close 2nd to china in terms of economic growth in Asia. They replaced India as the 2nd fast growing G-20 economies.With their focused on a large variety of things such as agriculture, mining, manufacturing, and tourism, they don’t have all their eggs in one basket. Indonesia is a large manufacturer of many cheap goods, but unlike china, many people in the country will be the people who buy them. The rapid growth has taken its toll on the environment like many of these countries. The citarum river near the capital of Jakarta is labeled as one of the most polluted rivers in the world. Although the government appears to rather easily corruptible, it’s shown signs of progressing
Views: 524201 American Eye
Economy Of Australia
 
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The '''economy of Australia''' is developed and one of the largest mixed market economies in the world, with a G D P of A U D $1.69 trillion as of 2017. Australia is the second wealthiest nation in terms of wealth per adult, after Switzerland. Australia's total wealth was A U D $8.9 trillion as of June 2016. In 2016, Australia was the 14th largest national economy by nominal G D P, 20th largest by P P P -adjusted G D P, and was the 25th-largest goods exporter and 20th-largest goods importer. Australia took the record for the longest run of uninterrupted G D P growth in the developed world with the March 2017 financial quarter, the 103rd quarter and 26 years since Australia had a technical recession ( two consecutive quarters of negative growth ) . The Australian economy is dominated by its service sector, comprising 61.1% of the G D P and employing 79.2% of the labour force in 2016. East Asia ( including A S E A N and other Northeast Asia countries ) is a top export destination, accounting for about 64% of exports in 2016. Australia has the eighth highest total estimated value of natural resources, valued at US$19.9 trillion in 2016. At the height of the mining boom in 2009-10, the total value-added of the mining industry was 8.4% of G D P . Despite the recent decline in the mining sector, the Australian economy has remained resilient and stable and has not experienced a recession since July 1991. The Australian Securities Exchange in Sydney is the 16th largest stock exchange in the world in terms of domestic market capitalisation and has the largest interest rate derivatives market in Asia. Some of Australia's large companies include but are not limited to: Wesfarmers, Woolworths, Rio Tinto Group, B H P Billiton, Commonwealth Bank, National Australia Bank, Westpac, A N Z, Telstra and Caltex Australia. The currency of Australia and its territories is the Australian dollar which it shares with several Pacific nation states. Australia is a member of the A P E C, G20, O E C D and W T O . The country has also entered into free trade agreements with A S E A N, Canada, Chile, China, Korea, Malaysia, New Zealand, Japan, Singapore, Thailand and the United States. The A N Z C E R T A agreement with New Zealand has greatly increased integration with the economy of New Zealand and in 2011 there was a plan to form an Australasian Single Economic Market by 2015. All text, either derivative works from Wikipedia Articles or original content shared here, is licensed under: Creative Commons Attribution-ShareAlike 3.0 Unported License A full list of the authors of the original content can be found in the following subdomain of wikipedia, here: https://en.wikipedia.org/wiki/Economy_of_Australia (Economics: Modern State Economies)
Views: 216 FrogCast
Investment Update 24.06.12 - Australian Mining & the economy, Colonial First State
 
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In this update Stephen Halmarick discusses increased capital spending in the mining sector and its economic impacts. Australian market update provided by Stephen Halmarick, Head of Investment Markets Research for Colonial First State.
Views: 28221 Colonial First State
Worst Economy | 9 News Perth
 
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The end of the mining boom continues to hit WA with the state's economy crashing from the best in the country to the worst.
Views: 2572 Nine News Perth
Strong Australian dollar poses economic danger
 
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It's a country that appears to have defied the global financial crisis, enjoying years of consecutive growth and a soaring currency. But it's not all "wonder down under" for Australia's economy, and as the government prepares to deliver its budget, there could be tougher times ahead. Despite a commodities-fuelled boom, high government spending, the cost of widespread flooding and a drop in corporation taxes ,mean cuts are likely. But out of direct control of the government is Australia's soaring currency. For the first time since it floated, recent weeks have seen the Australian dollar worth considerably more than its American equivalent: and that's hurting exporters. Andrew Thomas reports from Sydney.
Views: 7482 Al Jazeera English
Mining boom driving up interest rats: RBA
 
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RBA deputy governor Ric Battellinoi says a high dollar and rising interest rates are necessary evils while the mining boom lasts.
Mining boom could face costs brake
 
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Capital expenditure in mining projects is expected to hit nearly $80 billion this financial year but there are concerns that rising costs and competition for resources could slow the industry's potential expansion.
Mining Boom - Working Holiday LIVE
 
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Mining Boom live in Brisbane 14/03/13 with Palms and Bad Dreems. 'Working Holiday' will be on Mining Boom's debut album 'TAFE' released mid 2013.
Views: 524 Luen Jacobs
Australian Unemployment Figures Rise Slightly in 2012
 
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There's another sign of resilience for the Australian economy in the face of global turmoil. Australia's unemployment rate edged back above 5% in May. But the numbers have shown a surprising number of new jobs being created. While it suggests the economy had some momentum in the first half of the year, even the Government expects the jobs market to deteriorate. 07 June 2012 ABC News, Queensland
Views: 691 Jason Active
Mining boom has 'a long way to run': Wong
 
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Finance Minister Penny Wong has poured cold water on Resources Minister Martin Ferguson's claim that the mining boom is 'over'.
The Chinese economy vs Australian mining share prices
 
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In these hightlights from the Switzer Report, broadcast on Sky Business on 18 April, Roger gives his views on the situation for Australian mining share prices in light of pressure coming from China as their economy slows down and their foreign exchange reserves decline. Visit ‪http://www.rogermontgomery.com/ for Roger Montgomery's step-by-step Value.able guide to valuing the best stocks and buying them for less than they're worth‬, and to comment on this video. For more information on Montgomery Investment Management's two investment funds, visit http://www.montinvest.com.
Views: 463 Roger Montgomery
Australia's great rebalancing act - CRAE Forum with Paul Bloxham
 
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http://business.curtin.edu.au/crae Chief Economist for HSCB Australia and New Zealand, Paul Bloxham discusses an outlook for Asia and Australia's growth prospects beyond the mining boom Interview with Paul Bloxham: http://youtu.be/GRRBwatOq48 This forum was presented by the Centre for Research in Applied Economics (CRAE) and the School of Economics and Finance at Curtin University on Friday 20th September 2013.
Views: 420 Curtin University
Sterling flash crash, Australian GDP | FirstFT
 
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► Subscribe to FT.com here: http://on.ft.com/2eZZoLI Vanessa Kortekaas has Wednesday’s top stories from around the world, including a sterling flash crash investigation focusing on a Citi trader, Australian GDP contracts and an exiled opposition leader vowing to return to Democratic Republic of Congo. ► Subscribe to the Financial Times on YouTube: http://bit.ly/FTimeSubs For more video content from the Financial Times, visit http://www.FT.com/video Twitter https://twitter.com/ftvideo Facebook https://www.facebook.com/financialtimes
Views: 1027 Financial Times
BHP dampens boom expectations
 
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BHP Billiton chairman Jac Nasser has downplayed expectations for the big miners and mining boom.
RBA governor upbeat about economic future
 
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Reserve Bank Governor Glenn Stevens says that although the mining boom is nearing its peak, Australians need to remain confident in the economy.
Five charts that show why Australia is facing financial MELTDOWN
 
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Five charts that show why Australia is facing financial MELTDOWN UNEMPLOYMENT in Australia is rising and economic growth is slowing with experts fearing the country is about to go through a significant downturn. Resource-rich Australia has benefited hugely from the exponential growth in China's economy in recent years, by supplying the raw materials that has powered the Asian boom. In line with the rise in supplying China, Australia switched from an economy making its own goods to one that digs materials out of the ground. Mining as a percentage of Australian GDP has jumped to 8.6 per cent, while manufacturing has steadily dropped. But now the colossal Chinese economy is slowing down and, as Australia's top export destination, the abating is expected to have a big impact. http://www.express.co.uk/finance/city/596839/Charts-that-show-Australian-economy-is-in-financial-trouble
Views: 65 Megiston
AUD falls as RBA stands pat on monetary policy
 
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Yesterday, traders resumed long positions on the US dollar. The greenback aroused bulls’ interest in light of the upbeat report on the US manufacturing sector survey. Amid the increasing demand for the US dollar, commodity currencies were showing strong resilience supported by the bullish sentiment in commodity markets. So, the Australian dollar nearly approached the resistance level at 0.7690, though it failed to break it out and strengthen the bullish trend. Demand for the aussie fell sharply after the Reserve Bank of Australia announced its monetary policy decisions. At the monthly meeting, Australia’s central bank decided to leave the cash rate unchanged at a record low of 1.50% as widely expected. The market was alert to the statement following the October monetary policy meeting as it was the first meeting chaired by Phillipe Lowe, the new governor. The statement revealed more positive message than previously. The board noted good adaptability of Australia’s economy to changing conditions. Steady GDP growth was not hampered by a long slump in mining investment as the mining industry is the key economic sector. Australia's biggest-ever boom in apartment-building has helped support economic activity. Building permits surged 10.1% in August in annual terms, the strongest print for the recent 10 months. Nevertheless, obvious risks to the economic stability remain the same, in particular low inflation and the overvalued national currency. https://www.instaforex.com
Views: 144 InstaForex