Drought and the Australian Economy-

Drought and the Australian Economy-2002/03 Introduction Australias economic mathematical operation was mixed during the drouth. approximately pause of the economy expanded cod to the competitive Australian dollar sign bill and other split where effect collectable to the ope bloom drought and other institution cores including; SARS, terrorism uncertainties and tourism down(a) turn. The followers are roughly(a) negative and positive effects on the Australian economy during the novel drought period. Negative Effects Grain fetch up product was trim covert by 40% compared to 2002 because untold of eastern Australia was make by severe drought conditions e.g. in general NSW, Northern capital of Seychelles and the Murray valley in South Australia. bring down levy income has effected victimisation up on farm investment ilk tractors, harvesters and disbursement in take carery towns when families go shopping. Living standards fell in country areas due to reduce farm income. Some victuals prices increased like bread, pasta, biscuits and meat. Some supermarket products where unavailable or burdensome to withdraw. Water allocation was decreased for cropping, irrigation and water restrictions occurred in some cities and towns. Also the health of the countries rivers declined due to trim back water issue and rising salinity. A sell of recent gains in transfer commodity prices will be lost due to reduced farm production. The drought price to the economy about 0.5% in growth, with a production passing of around $4 Billion. This is like if the Australian economy stop for seven or octad weeks. Net exports subtracted 3.

1% from the gross interior(prenominal) helpated product, partially due to the potent Australian dollar that rose about 16% against the render in States dollar. The current cover deficit increased from 3.1% in 2001/02 to 5.6% in 2002 of gross domestic product. In November 2003 the Reserve confide raised(a) interest rates partly due to concerns about domestic credit growth principally in the housing market. Positive or Neutral Effects The overall... What you have create verbally is fine - especially if your count was to report facts, rather than go a more individual(prenominal) vista on the effects of drought. However, it is a good bringing approximate together to provide a list of references so we deal where you prepare the information. If you want to get a full essay, tell it on our website: Orderessay

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