Australia’s Growth to Continue

Asian exports
Late last year, Citigroup published this chart depicting Australia’s reliance upon export markets within the Asian region.

Clearly, Australia is running well ahead of other western countries, with our exports representing over 6% of GDP to emerging Asia. And this is twice the level it was just six years ago.
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It’s both Good News … and Bad News!

Business Investment

Business Investment

Government statistics show that business investment rose by 3.3% during the three months to June — most of it accounted for by a massive 20% surge in Victoria.

This increase is the latest confirmation that Australia has entered its recovery phase — emerging from the global turmoil, without experiencing a technical recession.

h3. But what does this mean?
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