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Australian companies’ payment behaviour reveals unnerving pattern: Is our economy really recovering?
According to the latest trade payments analysis by Dun & Bradstreet (D&B), the payment terms of Australian firms have risen for the third consecutive quarter.
Foreign investment and domestic jobs have been inextricably linked since Australia’s convict days. Austrade’s Chief Economist Tim Harcourt explains.
With Australia’s economy now well and truly on the rebound, the next five years are set to deliver strong growth in many sectors. And growth, of course, delivers job and investment opportunities.
It was widely predicted that 2009 was going to be the year that hit the first world economies the hardest when it came to the Global Financial Crisis (GFC). And for many it did just that. Australia, however, managed to weather the worst of it. Tim Harcourt reports on Australia’s strong export industry and showcases some shining examples of Australian exporters growing in these turbulent times.
Ten years ago, Australia’s ‘old economy’ looked to be an emerging liability. In the next ten years, however, this same ‘old economy’ foundation – expertly equipped to fuel the emerging Asian economies – will likely deliver unparalleled opportunities for transformation and national prosperity. So say Tim Harcourt, Chief Economist at Austrade, and Chris Richardson, Director of Access Economics.
Climate change is already remaking the global economy. The changes that Australia has to make in order to become a responsible and competitive player in this greener global marketplace are comparable to the liberal economic reforms made in the 1980s, says Austrade’s chief economist, Tim Harcourt.