Australia depicted consistent, positive economic growth over the decade of 2001 to 2011, even during the time of the global recession. The country holds huge potential in industries such as mining, manufacturing, wholesale, retail trade, and finance and insurance. The Australian economy is expected to reach an estimated $1.99 trillion at the current prices by 2018 with a steady growth through 2018.
Lucintel, a leading global Management Consulting and market research firm, has analyzed the Australian economy and presents its findings in “Australia Country Analysis 2013-2018: An Evaluation of Political, Social, Economic, and Business Risk.” Australia is rich in natural resources, as it has some of the world’s largest reserves of brown coal, nickel, silver, uranium, iron ore, and zinc. It has the world’s second-largest reserves of bauxite and tantalum. One of the major attractions of the Australian economy is the country’s political stability, which lures investors from around the world.
Lucintel study also points out some of the negatives that the Australian economy is likely to face. Issues related to the nation’s aging population are likely to result in increasing dependency ratio. The government is anticipated to spend more on pensions and transfer payments for the population aged above 60 years by 2018. This additional spending will increase the country's fiscal deficit. Australia enjoys relatively high income inequality as the top 20% of people account for 47% of the country’s income, while the bottom 20% has only 4.3% of income.
The study of Australia from risk perspective is the major focus of the report. Lucintel’s study provides a concise overview of the political, economic, social, technology, and business risk inherent in the Australian economy. This report can help investors choose the right destination for investment inside the country. The scope of this study includes annual trends for the past 10 years and forecasts of GDP and population for the next six years.
For a detailed table of contents and pricing information on this timely, insightful reports, contact Lucintel at +1-972-636-5056 or via email at helpdesk@lucintel.com. Lucintel provides cutting-edge decision support services that facilitate critical decisions with greater speed, insight, and cost efficiency. To learn more, visit www.lucintel.com.