Macroeconomics

INTRODUCTION
This report assesses the current performance of the Australian economy, and makes fortune tellings for the coming year, 2008. Our digest focuses on the domestic economy, on the one hand, and international factors that strike the Australian economy. The report is divided into two broad sections, thoughtful of this dual focus.

We begin our analysis by looking at the current national accounts and balance of payments. Snapshots of two domestic sectors lodgment and the government sector are provided, as a bloom of focus for the domestic economy. We assess specific indicators from both of these sectors, in addition to other indicators to assist in forecasting liable(predicate) economic performance in 2008. For the housing market, the indicators used were residential building approvals and housing starts. Consumer sentiment was used to guide analysis of inflation and interest rates.

Turning to the broader international economic outlook, in the international trade section the economic performance of Australias main trading partners and the foreign exchange rate were analysed. The Westpac tip Index also referred to in our forecasting.

The result of our analysis is the prediction that economic growth will be maintained precisely at a more moderate rate than the perish few years.




1．DOMESTIC FACTORS
1.



1 GDP National Accounts
oer the past few years, GDP has been steadily rising in Australia, reflecting a strong, growing economy. The National Accounts for the financial year June 2006 to June 2007 account a 4.3% increase in GDP, as composed of the succeeding(a) elemental increases outlined in Table 1.
Fig. 1. CHANGE IN GDP, JUNE 2006 JUNE 2007
% change June 06 to June 07
Final Consumption Expenditure
(Consumption + Gov Spending)
3.4
Gross frosty Capital Formation
(Private and Gov Investment)11.6
Terms of Trade6.2
-Exports of Goods and service0.8
-Imports of Goods and Services1.1
Real Net Disposable Income5.1...If you want to get a full essay, order it on our website: Ordercustompaper.com



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