In February 2014, the Australian Bureau of Statistics (ABS) has released data on the Australian employment and unemployment for the January 2014 month.
The third quarter has seen a 7.8% growth in China, which has helped the Chinese economy to remain in a stable position, compared to the year before.
As widely publicised, the first quarter of 2013 saw China replace Australia as the main destination for New Zealand’s exports. What is also worth noting is the speed of change that has occurred in getting to this position.This is notable as it indicates a momentum, and potential, for the future.
Julia Gillard’s Australian Federal Government released their budget for the 2013-14 year on Tuesday 14 May 2013. The Australian government’s budget like so many around the world, including New Zealand, is aimed at returning the Australian Government’s books to a surplus.
The Australian GDP grew by 0.6 percent for the December quarter of 2012. The Australian Bureau of Statistics (ABS) on the 6th March 2013 released their data on the real Australian GDP growth.
China is looking to enforce paid annual leave more rigorously to ensure that most workers can enjoy better holidays by 2020. Currently, the length of paid annual leave varies, but largely depends on how long one has served in his or her current workplace.
Australian GDP and unemployment data for the June 2012 quarter reveals that, overall, the Australian economy continues to grow strongly. But, the fact that the Reserve Bank of Australia has been lowering the Official Cash Rate throughout 2012 is an indicator that the RBA is worried that this growth will not continue without some help.
The Australian Bureau of Statistics has released data on the Australian GDP for the March 2012 quarter.
After a brief foray into the red, Australia’s GDP is up on the same quarter a year ago (by a measly 0.4 percent). This was thanks to a strong March quarter in which GDP grew by the same percentage.
The announcement by the Reserve Bank of Australia that it is raising interest rates by 25 basis points is stupefying. This is a strong statement from an author who generally has a lot of respect for the monetary policy system in Australia, which doesn’t use inflation as its sole target.