Australian economy has been doing consistently well in last few years. Although, global economic crisis has affected it to a certain extent, Australia is still one of world’s countries with economic stability. Australian government reforms introduced at various points in time has been largely responsible for economic development of this country. Australia economic analysis reveals a lot about its economic prosperity.
Australia GDP growth
UK, one of Europe’s largest economies, has been affected by global economic crisis. Gross domestic product growth predictions for United Kingdom, made by famous organizations such as International Monetary Fund and Bank of England, indicate that UK has been feeling some heat generated by global economic meltdown. UK economic analysis presents a more clear picture of what lies ahead for United Kingdom.
Growth predictions
Canada has one of the most resilient economies amongst the developed nations. This stems both from a better regulated and less leveraged financial market, which did not allow debt levels to get out of hand, and from the depth of its natural resources. These are exported to the US, but also increasingly meet growing demands from China and other emerging markets. Although exports only form one third of the economy, the fact that financial markets are stable and exports haven’t crumbled continue to support domestic spending.
Most economic indicators suggest that the word ‘recession’ no longer applies to the state of the UK economy, there is growth in the economy, albeit limited, and whilst the financial markets have been volatile in recent weeks, talk of a double-dip recession is still just that: talk.
However, looking at the top line figures isn’t always the best way of telling what’s been going on, and if you begin to dig a little bit deeper you can see that things remain incredibly difficult for millions of people across the UK.
Every country has some type of monetary policy and while the concept is the same, the components of the policy vary. The India Monetary Policy was actually developed during the 1990s as a means of lowering the annual inflation rate, as well as providing credit support specifically for production. The result was the money supply for India being dramatically reduced, primarily due to bank deposits growing slow and reserve money starting to decline in growth.
The World Trade Organization (WTO) was founded in 1995 by the members of the General Agreement on Tariffs and Trade (GATT). The WTO is the world’s only international organization that supervises 95% of the world’s global trade. It assists trade related issues of its member nations that produce, export and import goods and services in a smooth manner. Comprising 153 member nations, the agreements pertaining to the WTO have been signed and confirmed by respective member nations.
A Trade Deficit occurs when the value of a country’s imports exceed its exports for a specific period of time, usually a year. The relationship between imports and exports are called the trade balance. When exports exceed imports it is called a trade surplus. Trade deficits can occur in both developing and advanced countries. The United States, for example, has been running a trade deficit for many years. While a trade surplus contributes to the GDP of a nation, a trade deficit will reduce GDP.
Trade barriers refer to government-imposed policies to restrict international trade. Most commonly, a country’s government employs tariffs, duties, embargoes and subsidies as trade barriers. However, imposing trade barriers are against the concept of free trade, popularized by developed nations.
