A Hard Time Ahead
Australia sure has a hard time ahead with a failing mining sector and housing bubble on the verge of popping and with not much left to pick up the pieces after they fall. In this chapter I have mentioned what is pushing Australia down into recession and what it has going for it like demographics. In the short-term Australia will go through quite a deal of pain, but in the long-term should still do well after the coming recession.
Resources
The following are websites that provide information about Australia and can be used to stay informed about Australia's economy.
Trading Economics: This website provides a wide range of statistics for many different countries. For Australia it shows M0, M1 and M3 currency supplies, debt to GDP ratio, inflation, unemployment, balance of trade and GDP. It displays this data in graphs.
Australian Bureau of Statistics (ABS): The ABS provides lots of statistics on different areas on Australia like demographics, consumer price index, labour force and Census data. The ABS provides data that is mostly recent and historical data is more harder to find, especially data that can be constructed into a graph.
Reserve Bank of Australia (RBA): The RBA provides data on exchange rates, interest rates (cash rate), inflation, total amount of credit and currency supply. It has a page that provides data formatted as a spreadsheet on a range of statistics and this data can be constructed into a graph with historical data provided.
Federal Reserve Bank – FRED: The economic research site of the US central bank might provide mostly US based data, but also releases data based on Australia such as household debt to GDP and the M1 currency supply.
World Debt Clock: This shows data on the debt statistics on a country like Australia including total debt and debt to GDP.
Australian Securities Exchange (ASX): This is the Australian stock exchange and provides data on the Australian stock market such as their main stock market indexes: S&P/ASX 200 and All Ordinaries.