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An appropriate description and discussion of the current state of the Australian economy as reflected by...

An appropriate description and discussion of the current state of the Australian economy as reflected by the four economic indicators - economic growth, unemployment, inflation and trade ( (trade includes the terms of trade, the current account, net foreign debt and the value of the Australian dollar)) in Australia and the economy in 2019. You also need to comment on the trends in these indicators since 2015. Thank you

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Australian economy reflected by the following economic indicators:
ECONOMIC GROWTH
Australian economy's GDP rank is14th. GDP growth of Australia as follows:
2016 - 2.8%
2017 - 2.4%
2018- 2.8%
2019e - 2.1%
It is clear from above GDP rates that the economic growth is declining.
INFLATION (CPI)
In 2015 the inflation rate was 1.5% while in 2016 in was 1.3% and 2.0% in 2017. Annual inflation is 1.3%
UNEMPLOYMENT
Unemployment rate of Australia in year 2015 was 6% which reduced to 5.7% then 5.6% in 2016 and 2017 respectively. And in August 2019 it was 5.3%
TRADE
In 2018 exports were $438.1 billion and imports were A$414.9 billion.

Current account balance is -A$38.8 billion (2018)
Gross external debt is US$2.095 trillion (2019)
Australian dollar (AUD) = 0.70 USD

According to the above data, we can see that there is a decline in economic growth. Also inflation rate has increased but the unemployment rate has decreased to 5.3%.

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