Country Intelligence: Report: Australia.

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  • Additional Information
    • Subject Terms:
      AUSTRALIA
    • Subject Terms:
      RESERVE Bank of Australia (Company) 948219324
    • Abstract:
      The article presents an overview and a forecast of Australia's economy as of November 4, 2013. It states that the Reserve Bank of Australia (RBA) changed its interest rate to as low as 2.50% in August 2013 since the economic data stayed the same by RBA's previous rate cut in May. In addition, the real gross domestic product (GDP) is estimated to remain at 2.4% for 2013 and 2014. Moreover, lower interest rates could change the purchasing behavior of consumers.