Global warning

Article Abstract:

A bleak future is ahead for Australia's exports according to the National Inst. of Economic and Industry Research, and the institute was right about how the Asian slump would affect Australia. The world as a whole likely will experience a period of very low growth, if not a depression in the technical sense. For the fiscal year 2001 likely Australia's major partners in trade will have growth of less than 1%. At least until 2002 the economy of Australia will grow at negligible rates. Over the 15 months to 9/98 Australian goods exports were flat.

Cover Story, Statistics, Economic development, International trade, Fiscal policy

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Shell stock

Article Abstract:

Pearl producers in Australia are concerned about the downfall of Asian economies but are confident they can attract more buyers and investment. The Australian Pearl Producers' Association is also confident their supply will keep up with the demand. Pearl retailers argue that the quality of Australian pearls helps them stay in business, despite difficult times in Asia.

Jewelry industry, Pearls

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