Author(s)

Yiyu Zhou ¹

Affiliation(s)

¹ Building 7, jiading campus, Shanghai University, 20 chengzhong road, jiading district, Shanghai, 201800, China

Corresponding Author

Yiyu Zhou

ABSTRACT

This report first describes the current Australian economy affected by the G20 summit and the inauguration of President Donald John Trump. The report shows five factors, which affected the Australian national GDP: Consumptions, Investments, Government Expenditures, Export, and Import. According to these factors, the report forecasts the future economic growth in 2018. This report will use macroeconomics indicators (GDP, Inflation, Unemployment Rate) to predict the future monetary policy, which the Reserve bank will take to change the Australian cash rate.

KEYWORDS

Australian economy, Australian consumer spending, Government spending, Australian investment

CITE THIS PAPER

Yiyu Zhou, Current State and Forecast of Australia Marco-Economy. Tourism Management and Technology Economy (2019) 2: 28-36. DOI: http://dx.doi.org/10.23977/tmte.2019.21005.

REFERENCES

[1] Commonwealth of Australia 2018, Budget 2017-18 Overview, viewed 29 August 2019 <https://www.budget. gov.au/201819/content/sections/overview/downloads/Budget_2018-19_Budget_Overview. pdf >.
[2] Secretary’s department 2018, Statement on Monetary Policy, Reserve bank of Australia publish, Australia <https://online.uts.edu.au/webapps/blackboard/execute/content/file?cmd=view&content_id=_3035550_1&course_id=_36279_1>.
[3] Tom, M., 2018, UPDATE 1-Mexico still preparing for U.S. car tariffs, backs WTO reform, viewed 29 August 2018, <https://www.cnbc.com/2018/07/31/reuters-america-update-1-mexico-still-preparing-for-u-s-car-tariffs-backs-wto-reform. html>.
[4] Tradingeconomics.com, 2018, Australia Consumer Spending 1959-2018 | Data,viewed 29 August 2018,<https:// tradingeconomics.com/australia/consumerspending>.
[5] Tradingeconomics.com, 2018, Australia Corporate tax rate 1959-2018 | Data, viewed 29 August 2018, <https://tradingeconomics.com/australia/corporate-tax-rate>.
[6] Tradingeconomics.com, 2018, Australia Disposable Personal Income 1959-2018 |Data, viewed 29 August 2018,<https://tradingeconomics.com/australia/disposable-personal-income>.
[7] Tradingeconomics.com, 2018, Australia GDP 1959-2018 | Data, viewed 29 August 2018,<https://tradingeconomics. com/australia/gdp>.
[8] Tradingeconomics.com, 2018, Australia government debt to gdp 1959-2018 | Data,Viewed 29 August 2018, <https://tradingeconomics.com/australia/government-debt-to-gdp>.

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