A tale of two economies unfolds

Article Abstract:

According to leading economists, Australia's economy will improve and grow in 1998-2000 despite conditions of international volatility and changes in domestic equity and capital markets. The federal government is predicting an optimistic 2.75% compared to lower estimates provided by the private-sector. If the encouraging forecasts are correct, the new incoming government will receive a large boost.

Forecasting, Business forecasting

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Fraser warns: the economy will slow; Bernie Fraser believes an economic slowdown may not bring interest-rate cuts; in fact, the next move may be up

Article Abstract:

Former Reserve Bank Governor Bernie Fraser is less optimistic than the Australian government about the country's economic outlook. He predicts a growth rate of only 2% that will be reflected in reduced consumer and business spending and a drop in employment. His forecast for higher interest rates is based more on anticipated action of the US Federal Reserve than domestic economic conditions.

International Affairs, Economic Intelligence, Forecasts and trends, Beliefs, opinions and attitudes, Economic development, Economic indicators, International communication, Fraser, Bernie

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The main points

Article Abstract:

Australian inflation is predicted to fall from 3% in 2000 to 2.5% in 2001, while gross domestic product will fall from 4.25% in 2000 to 3.75% in 2001.

Gross domestic product

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