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Country Intelligence: Report: Australia.
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- 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.
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