Search Blog

The Economics at Austrade team are responsible for analysing the major trends and events in the Australian and international economies that help shape Austrade’s operating environment.

Australia’s inward investment tops A$1 trillion

14 May 2020 Edmund Tang

Despite the dislocation in world trade caused by pandemic lockdowns, Australia’s record on attracting investment helps keep our economy on strong foundations.

Read article...

Sound fundamentals: Australia now home to world’s 4th largest pension assets

14 Apr 2020 Australian Economy Edmund Tang

In one key area, Australia entered the current period of uncertainty comparatively stronger than virtually all other developed economies – savings.

Read article...

Australia's economic freedom moves up a notch, says US think tank

25 Mar 2020 Australian Economy Edmund Tang

According to The Heritage Foundation (Heritage), a US research institution, Australia now ranks fourth in terms of how free its economy is, compared to 180 other countries.

Read article...

Australia - A solid trade performance

16 Mar 2020 Edmund Tang

Against the backdrop of a challenging global economic environment, Australia’s trade recorded strong growth in the financial year (FY) 2018–19 according to the latest data release by the Department of ...

Read article...

Global economy forecast to grow in 2020 – but at a slower pace

29 Jan 2020 World Economy Edmund Tang

In its latest World Economic Outlook (WEO), the International Monetary Fund (IMF) is projecting the world economy will strengthen in 2020, albeit at a slightly slower pace than previously anticipated. ...

Read article...

Doing business in Australia is easier

4 Nov 2019 Australian Economy Edmund Tang

Australia remains one of the world’s easiest places to do business, according to a recent World Bank survey, Doing Business 2020.

Read article...

Global growth to slow in 2019 and rebound in 2020

1 Nov 2019 World Economy Edmund Tang

The International Monetary Fund’s (IMF’s) World Economic Outlook (WEO) October 2019 is now projecting that the global economy will likely grow at 3.0% in 2019, down 0.3 percentage points (pp) from its ...

Read article...

Australia’s long-distance growth record outpaces OECD partners

5 Sep 2019 OECD Edmund Tang

Australia's economy grew by 0.5% in the fourth quarter (Q4), lifting Australia's annual economic growth rate to 1.9% in FY2018/19 according to the latest National Accounts figures released by the Aust ...

Read article...

China takes top spot in Australia’s tourist rankings

28 Aug 2019 Australian Economy Tourists Edmund Tang

Tourism is now Australia’s largest services export. According to data released by Tourism Research Australia in May 2019, tourism contributed A$37.4 billion to the Australian economy in 2017–18.

Read article...

Global growth to slow in 2019 and 2020

29 Jul 2019 Australian Economy Edmund Tang

The International Monetary Fund (IMF) has trimmed its projected rates for world growth to 3.2% in 2019 and 3.5% in 2020.

Read article...