Crisis 'relatively contained'.

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  • Additional Information
    • Subject Terms:
      AUSTRALIA
    • Subject Terms:
      ORGANISATION for Economic Co-operation & Development
    • Abstract:
      The article reports on the projections of the Organisation for Economic Co-operation and Development (OECD) regarding the economic condition in Australia. It reveals that the growth of the gross domestic product (GDP) will slow by 1.75% in 2009 before it will rise to 2.75% in 2010. It cites the possibility of the inflation to drop below 3% in 2010 due to the slowdown. It also indicates an additional fiscal stimulus package if there will be no improvement of the financial conditions.