australian economy fairing well amid global economic conditions
Last Updated : GMT 06:49:16
Arab Today, arab today
Arab Today, arab today
Last Updated : GMT 06:49:16
Arab Today, arab today

Australian economy fairing well amid global economic conditions

Arab Today, arab today

Arab Today, arab today Australian economy fairing well amid global economic conditions

Australian economy
SYDNEY - Xinhua

Australia is fairing well against the global economy, according to a key report released on Monday.

Deloitte Access Economics' (DAE) latest Business Outlook stated that while growth in Australia was set to stay modest in the short term, the economy continued to swim strongly against the global tide.

Deloitte Access Economics partner Chris Richardson said although China is holding up, emerging economy growth remained on the back foot.

"While developed world growth is OK, especially in the U.S., the Fed may be regretting its interest rate hike of late 2015," Richardson said.

"Yet this skew in world growth -- slower emerging economies, and a faster rich world -- makes it less friendly to Australian prospects."

Richardson noted however Australia's output and income growth should be moving back onto the front foot in 2017 and even more so in 2018.

New South Wales (NSW) State Treasurer Gladys Berejiklian welcomed the report and said it highlighted the strength of the NSW economy.

"The DAE Business Outlook states that there is a lot to like about conditions and prospects in NSW," Berejiklian said.

"It is clear that NSW remains the best State in which to live, work and do business."

Source: Xinhua

arabstoday
arabstoday

Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

australian economy fairing well amid global economic conditions australian economy fairing well amid global economic conditions

 



Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

australian economy fairing well amid global economic conditions australian economy fairing well amid global economic conditions

 



GMT 03:23 2017 Monday ,17 April

Oman to take part in Rabat meeting

GMT 14:43 2017 Tuesday ,03 October

EU parliament to denounce lack of progress on Brexit

GMT 02:12 2017 Wednesday ,27 December

Lactalis Baby Milk Contamination

GMT 04:34 2017 Thursday ,21 December

Royal row as body of king who aided Mussolini returns

GMT 01:48 2017 Wednesday ,22 November

ERC provides aid relief in Hadramaut districts

GMT 09:06 2017 Thursday ,09 March

Digital publishing pays off for Axel Springer

GMT 13:03 2016 Wednesday ,21 December

Fila partners with Mountain dews green label exclusives

GMT 09:15 2017 Thursday ,09 November

Government Treasury Bills issue 1677 fully subscribed
Arab Today, arab today
 
 Arab Today Facebook,arab today facebook  Arab Today Twitter,arab today twitter Arab Today Rss,arab today rss  Arab Today Youtube,arab today youtube  Arab Today Youtube,arab today youtube

Maintained and developed by Arabs Today Group SAL.
All rights reserved to Arab Today Media Group 2021 ©

Maintained and developed by Arabs Today Group SAL.
All rights reserved to Arab Today Media Group 2021 ©

arabstoday arabstoday arabstoday arabstoday
arabstoday arabstoday arabstoday
arabstoday
بناية النخيل - رأس النبع _ خلف السفارة الفرنسية _بيروت - لبنان
arabstoday, Arabstoday, Arabstoday