Factors effecting Economic Growth 2012 (1 Viewer)

[andY_rulz_94]

In class we are doing the topic of economic issues:

I need some factors effecting Australia's growth in 2012 and how they effect unemployment rates,inflation rates and external balance.?

Any suggestions thanks

 

[gnrlies]

In class we are doing the topic of economic issues:

I need some factors effecting Australia's growth in 2012 and how they effect unemployment rates,inflation rates and external balance.?

Any suggestions thanks

Start with Y=F(CIGXM) and go through each of those providing a few anecdotal stories you have read from newspapers and any data you have come across, for example:

'In April 2012, China announced lower than expected growth at 8.1% which could potentially impact on Australia's commodity exports.'

Then,

Draw on your textbook to link in some of the impacts on U/e, inflation, and Ext Stab. Some examples include lower inflation due to weakening of consumption, the possibility for increasing unemployment, and a possible weakening of the CAD due to weaker exports. Etc etc.