What is the current economic status in Australia?

What is the current economic status in Australia?

Australia’s growth rate is remaining strong at 4.2% in 2022, according to the International Monetary Fund (IMF). Australian GDP is projected to be 6.7% larger by the end of 2022 than in pre-pandemic 2019. This increase over the pre-COVID-19 level in 2019 is higher than the average for advanced economies (3.7%).

What are the key economic indicators in Australia?

Key economic indicators showed: Positive GDP growth. Rising inflation. Low unemployment rate.

How often is Fred data updated?

The widely used database FRED is updated regularly and allows 24/7 access to regional and national financial and economic data. Average Hourly Wages in U.S.

How often are economic indicators released?

Most indicators are released monthly by government departments and agencies. They typically report on activity in the previous month and year for comparison purposes. Here are ten important U.S. economic indicators that investors watch.

Is Australia in trouble financially?

Australia’s economy has plunged into its first recession in nearly 30 years, as it suffers the economic fallout from the coronavirus. Gross domestic product (GDP) shrank 7% in the April-to-June quarter compared to the previous three months.

What is Australia’s current GDP 2021?

GDP in Australia is expected to reach 1370.00 USD Billion by the end of 2021, according to Trading Economics global macro models and analysts expectations. In the long-term, the Australia GDP is projected to trend around 1450.00 USD Billion in 2022 and 1550.00 USD Billion in 2023, according to our econometric models.

What is the current economic situation in Australia 2021?

Australia’s economy grew during the December 2021 quarter. Gross Domestic Product (GDP) increased 3.4% in the December quarter compared to the September quarter 2021. At the end of 2021, the Australian economy was 3.4% bigger than it was before the start of the pandemic (December quarter 2019).

Is the German economy strong?

Germany is the world’s fourth-largest economy, highly innovative and has a strong focus on exports. The future lies in Industry 4.0. Germany is the largest economy in the European Union. Since 2013, the EU has consisted of 28 member states and the euro is the official tender in 19 of them.

How can you access basic economic data?

Census.gov, a site also maintained by the Department of Commerce, provides historical economic data mostly as part of its extensive surveys of consumers and businesses. Based in the Department of Labor, the BLS is the place to go for labor related statistics such as wage and employment data.