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Australian economy faring well against tough global conditions
A key economic report has praised Australia's performance, given the ongoing slowdown in China and the overall state of the global economy. Deloitte Access Economics' latest Business Outlook stated that, while short-term growth in Australia would likely be modest, the economy was managing to weather most challenges. Deloitte Access Economics partner Chris Richardson said Australia has kept growing, despite a number of hurdles. "Don't forget that China's had a substantial slowdown, that things like iron ore prices and coal prices are well below where they were," he observed. "That combination means that some of the ... (full story)
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