11 December 2015

The Australian economy continues to grow

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Australian economy grew by 0.9% in the September quarter.

Data released from the Australian Bureau of Statistics shows The Australian economy grew by 0.9% in the September quarter, taking the year-on-year growth to 2.5%.

Increases in household spending, exporting goods and housing construction are the main drivers for such economic growth. While investment and mining have fallen, the resources sector continues to perform strongly. "There are positive signs of a strengthening economy and signs that our economy is heading in the right direction." (Medhora, 2015)

Employment continues to rise in Australia, with employment "growing at the fastest annual pace in five years and workforce participation is increasing". (Medhora, 2015)

With a growing economy and strong employability rate, Australia continues to deliver prosperity for its residents. "There are positive signs of a strengthening economy and signs that our economy is heading in the right direction".

With reference to Shalailah Medhora (2015) Available at The Guardian


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