The Chinese proverb “We live in interesting times” must surely be one of the most apt for what lies ahead for Australia for 2010. In a world wracked by the Global Financial Crisis in economic and in social terms, Australian business leaders and managers can look forward to building on the green shoots of recovery that have emerged since mid year.
‘Encouraging’ rather than ‘interesting’ comes to mind if one looks at the most recent statistic and commentary posted by both government and Treasury officials in the Australian scene.
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Tags: Australia, Economy, Management
Michael, Can we actually believe the figures coming out of China (ie. 8.9% GDP growth)?
That’s supposedly the official number. How do we disprove it?
We can’t, but there are a lot of skeptics out there. Needless to say even if the number is exaggerated, they’re probably growing by more than a few percent which is more than can be said for most Western and European countries. Our resource companies (eg. BHP) benefit greatly from a growing and urbanizing China which in turn helps the Australian economy in general.