Access our latest Economic & Market Outlook for an update on the Australian and International economy.
Australia has prospered through two decades of economic outperformance, with the level of growth almost twice that of its peers. Much of the platform for growth was laid during the 1980's when policy frameworks provided efficient and flexible market mechanisms (namely, the floating foreign exchange rate, deregulation of the banking system and productivity reforms in the labour market). Over the last decade or so the main drivers have been episodic, but strong, credit growth and the unprecedented mining boom driven by China's rapid industrialisation.
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Economic & Market Outlook July 2015
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