Suchergebnisse

Provides an overview of political events & issues in Australia. The most important issue was the Iraq invasion. Developments with respect to the John Howard government's anti-refugee policies are cited. The rise of the Labor Party in the states is noted along with the resignation of Governor-General Dr Peter Hollingworth. Other events include Prime Minister John Howard's decision not to retire & the generational change issue attendant with the prime minister position vis-a-vis the 2004 general election. Economic conditions are touched on. 7 References. J. Zendejas

KEY ISSUESContext. With GDP growth below trend and the investment phase of the mining boom having passed its peak and beginning to decline, a key issue is how Australia can manage the mining-production/export phase and encourage broader-based growth. The main external risks include a slowdown in China over the medium term and surges in global financial market volatility. The pickup in housing market activity, though welcome to date, could pose a future risk if prices accelerate and lead to overshooting.Near-term macroeconomic policy mix. With the exchange rate still moderately overvalued and w