SOURCE: Industrial Info Resources

November 04, 2009 05:45 ET

Australia: Crisis? What Crisis? Notes From the Lucky Country, an Industrial Info News Alert

PERTH, AUSTRALIA--(Marketwire - November 4, 2009) - Researched by Industrial Info Resources (Sugar Land, Texas) -- The Australian economy is ticking along quite nicely, despite the crisis that began enveloping most Western economies in late 2008. While Australia's economy grew slightly over the four quarters to June this year, the world's seven most developed economies contracted nearly 5%. Although Australia's terms of trade have fallen approximately 20% since the inflated peak early in 2008, they are still about 45% above the long-term average and look likely to strengthen through the immediate to mid-term future.

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