1. Media Watch.
- Author
-
Kramer, Ted
- Subjects
- *
ECONOMIC development , *ECONOMICS & politics , *CONSUMPTION (Economics) , *HOUSING ,AUSTRALIAN politics & government, 1945- ,AUSTRALIAN economy, 1945- - Abstract
The article focuses on the state of the Australian economy which has experienced economic development unaffected by the recession in any developed country. It states that the economic expansions were due to various aspects such as productivity increases, housing, and consumption growth. It discusses three challenges facing the country's economy such as real exchange rate, living standards, and the political culture.
- Published
- 2013