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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 International Business Survey 2018: A profile of respondent businesses

4 Oct 2018 AIBS 2018 Matthew Durban

AIBS 2018 is one of the largest and most detailed surveys of Australia’s internationally-active businesses. This latest survey captures the responses of 713 Australian companies (629 internationally a ...

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An introduction to Australia’s International Business Survey 2018

4 Oct 2018 AIBS 2018 Matthew Durban

Today sees the release of the latest report in the Australia’s International Business Survey (AIBS) series. Supported by Austrade, the Export Finance and Insurance Corporation (Efic) and the Export Co ...

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A vote of confidence: Australia retains AAA rating

25 Sep 2018 Australian Economy Edmund Tang

In September 2018, Standard & Poor’s (S&P) Global Ratings revised its outlook on the long-term ratings for Australia from negative to stable and reaffirmed its AAA sovereign credit rating.

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2017-18 GDP growth rate of 2.9% confirms the resilience of our economy

12 Sep 2018 Edmund Tang

Following a 2.1% increase in 2016-17, Australia’s real GDP grew by 2.9% in 2017-18, according to the latest national accounts figures released by the Australian Bureau of Statistics.

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Tourism Success: Inbound Tourist Number exceeded 9 million in 2017-18 and Expenditure exceeded A$42 billion

28 Aug 2018 Visitor EconomyTourists Edmund Tang

There were 9.1 million short-term (that is, involving stays of less than one year) international visitor arrivals to Australia for the year ending June 2018.

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Economic activity of foreign-owned businesses in Australia 2014-15

21 Aug 2018 Edmund Tang

The estimated number of foreign-owned businesses in Australia (with foreign ownership greater than 50 per cent of total equity) was 9,946 at the end of the financial year 2014-15 , according to the Au ...

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IMF maintains its world growth forecasts for 2018 and 2019

25 Jul 2018 IMF Edmund Tang

Releasing its latest World Economic Outlook (WEO) report on 16 July, the International Monetary Fund (IMF) left unchanged its world economic growth forecasts at 3.9% for both 2018 and 2019, compared t ...

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Australia’s two-way trade with the world was up 11% to $763 billion in 2017

23 Jul 2018 Edmund Tang

The value of Australia's exports of goods and services surged by almost 15% year-on-year to $387 billion in 2017, while imports grew by 7% to $377 billion over the same period.

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Chinese education exports reach $10 billion

7 Jun 2018 International education

Chinese education related personal travel exports reached $10 billion for the first time, an increase of $1.9 billion. Despite the percentage growth slowing from 35 per cent in 2016 to 24 per cent in ...

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IMF: World Economy Expands Next Two Years; Growth Softens After 2020

20 Apr 2018 International EconomyIMF Edmund Tang

The International Monetary Fund (IMF) said in April that it expects global growth will inch up from 3.8 per cent in 2017 to 3.9 per cent in the following two years – up by 0.2 percentage points from ...

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