Australia : Recent Economic Developments.
This paper reviews developments in the Australian economy during 1994-95. In 1994/95, real GDP grew by 4 1\2 percent as growth in domestic demand accelerated sharply, rising by 6 3/4 percent, despite the impact of a severe drought on farm output. Business investment increased by 17 1\2 percent with...
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| Format: | Journal |
| Language: | English |
| Published: |
Washington, D.C. :
International Monetary Fund,
1996.
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| Series: | IMF Staff Country Reports; Country Report ;
No. 1996/037 |
| Online Access: | Full text available on IMF |
| Summary: | This paper reviews developments in the Australian economy during 1994-95. In 1994/95, real GDP grew by 4 1\2 percent as growth in domestic demand accelerated sharply, rising by 6 3/4 percent, despite the impact of a severe drought on farm output. Business investment increased by 17 1\2 percent with investment in plant and equipment rising by 21 1\2 percent and that in nonresidential construction by 7 3/4 percent. Private consumption growth also rose strongly, by 5 percent, reflecting strong growth in employment and some acceleration in wage growth. |
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| Item Description: | <strong>Off-Campus Access:</strong> No User ID or Password Required <strong>On-Campus Access:</strong> No User ID or Password Required |
| Physical Description: | 1 online resource (98 pages) |
| Format: | Mode of access: Internet |
| ISSN: | 1934-7685 |
| Access: | Electronic access restricted to authorized BRAC University faculty, staff and students |