Flash Reports

Australia

Australia has become an internationally competitive, advanced market economy due in large part to economic reforms adopted in the 1980s and its location in one of the fastest growing regions of the world economy. Following two decades of continuous growth, low unemployment, contained inflation, very low public debt, and a strong and stable financial system, Australia enters 2016 facing a range of growth constraints, principally driven by a sharp fall in global prices of key export commodities. The automotive industry has been a key driver of the country development. Recently several Manufacturers have planned to break local production moving towards less expensive locations, while the domestic market is moderately growing any year having ended the 2015 as global 14th

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