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 Post subject: Australian growth figures
PostPosted: Wed Jun 10, 2009 9:13 am 
I have seen that my homeland of Australia is the only western nation that has a groth rate rise of 0.4%. All the others have decreased. Kevin Rudd's stimulus package seemed to have worked.


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 Post subject: Re: Australian growth figures
PostPosted: Wed Jun 10, 2009 1:30 pm 
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The whole far east is in better shape than the west right now, with China set to become the "new" USA over the next 20 years or so - as far as stockmarket returns are concerned.

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 Post subject: Re: Australian growth figures
PostPosted: Sat Jun 13, 2009 3:37 am 
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Don't know Dominic. The 'free money' handed out by the Government has probably helped promote the economies of 3rd world manufacturing nations more than our own. As Australia is _not_ a manufacturing nation, yet we all love our toys (dvd's, tv's, cars) chances are that most of the free money simply bounced through local cash registers on its way out of the country.

Probably the fact that we sell base commodities to the world market has helped our growth rate. People need energy and food after all, whether or not there is a global financial problem and we tend to sell vast quantities of coal and wheat :)

A simplistic view I know, but I suspect theres a little truth in there.

Moopere

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 Post subject: Re: Australian growth figures
PostPosted: Sat Jun 13, 2009 4:37 pm 
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Poor old Britain has nothing much left, we closed almost all the coal fields, as it's cheaper to bring it half way around the world and we are using the North Sea gas up so fast we're gonna have to get it from the Russians very soon.

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