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What does the Australian economy look like in 2020

the australian economy is good

What does the Australian economy look like in 2020

Analysts had published their interpretation along with International Monetary Fund of what the world should expect of Australian economy this 2020. According to Rodney Adler, a 40 year veteran in the finance industry says, “interest rates are historically low and probably will go slightly lower early next year and to me this suggests that the Reserve Bank of Australia is concerned about the economy and is trying to stimulate the economy”.

Before disclosing anything significant, a reminder that the Australian economy had never announced any recession since 1992-2018. But as challenges came in left and right for the country how promising is it for them this 2020?


The primary source of income for the majority of the Australian people is their lands and investments. Since there is an expected increase in the working population, GDP may incur a boost from the employment sector. With a predicted stagnation of its economy concerning employment, the Australian economy showed a great hold of emerging technologies having a statistical overview of jobs where Information Media and Telecommunications along with Professional Scientific and Technical Services have developed significantly. Considering all of these, Australia’s output has been primarily driven by technological advancement and knowledge-intensive services.

Geographical Relationships

Australia’s neighbouring countries include the longest, wealthiest civilizations that ever lived, China and India. Also, the Asia-Pacific region has established excellent relationships with Australia both in trade and services. This puts Australia in a pretty safe disposition in terms of sources of food, co-habitation, and emergent situations. Regarding China, Rodney Adlers says‘ “they are our most important trading partner and we need to continue to build on this relationship”.

Proven by the latest bushfire that happened, New Zealand, for example, had sent troops over to Australia to help out in putting out the fire and to save as many people, and wildlife of course, as they can. Though continuously challenged by drought, tourism in Australia still is pretty much contributing significantly to Australia’s GDP. With 10.3 million visitors last year, and 9.5 million in 2018, this year makes no exception.

Since the US-China trade wars have happened, the global stock market had moved dramatically. But Australia’s proximity is still assured to at least benefit from China and India accounts for 30% of the world’s GDP or Gross Domestic Product. China is today’s Australia’s biggest trading partner mainly because of China’s continuously strong demand for iron ore, liquefied natural gas, and coal. The transactions they make involve billions of dollars. But as of the moment, the Wuhan Novel Coronavirus may be making it harder for both countries to do so.

Australia’s Advantage

Australia’s purchasing power still favours their economy as the Australian government assures it of a strong fiscal position announcing an A$7.1 billion surplus for its 2019-2020 Budget. The first time for Australia to attain this in 12 years. Its people had invested money on its land, are visited by numerous tourists annually, and are represented well by its overseas foreign workers all over the world, adding up to the country’s GDP. Because of the announced budget surplus, Australia remains to be credited with an AAA. This makes them one of the only ten countries with the AAA rating from the dominant credit rating agencies trio. Also, their interest rates will be adjusted in favour of its people. A change in the Australian exchange rate is expected to improve as well, and moderate wage will grow favourably as well.

All in all, considering these analyses, Australia’s debt will be reduced to just 15% of GDP by 2023, while the average debt ratio advanced economies will stay high at 73% of GDP. While 2018 had experienced challenges with mining and a decline in the people investing in land and properties, 2020 may have a good promising come back for Australia. As long as the global pandemic declaration is lifted in which Wuhan Novel Coronavirus Outbreak stops, Australia will remain a great country to visit or live. 

house prices go up and up and up

Housing prices surge in Melbourne and Sydney

Solid home price gains in Sydney and Melbourne last month are driving national average home values higher. But analysts caution August’s sharp rise isn’t necessarily the start of a brand new boom.

Property costs had risen modestly for the prior two months of winter in Sydney and Melbourne, but CoreLogic’s head of research Tim Lawless said the August outcome was at another level.

But, Mr Lawless stated that the rate of growth over coming months would rely on policy responses from the Reserve Bank and bank regulator APRA should they become concerned that household debt starts rising again from record levels. It also warned that all capital lending companies need to be aware of the changes when advising their clients.

Mr Lawless said the two biggest cities are vulnerable to some renewed mortgage lending crackdown, provided that the ratio of house prices to household income are still around 8.5 in Sydney and 7.5 in Melbourne.

While potential first home buyers in both large cities will be lamenting the return to cost development, Mr Lawless said at least they aren’t being confronted with substantial rent increases. In Sydney, rents are falling, rather than climbing by more than 3 per cent elsewhere.

choosing a football

How to choose a quality football

This oblong piece of sports equipment can be appreciated by athletes, kids and parents alike. But no matter whether you are gearing up to bring home a championship cup or packing the car to head off to your next family picnic, not all footballs are made the same. Thus, before you buy just any ball, here are a few essential qualities to take into account.


What your ball is made of can considerably impact its durability and worth. The materials for many footballs are foam, rubber (synthetic leather) and genuine leather. Each has particular characteristics that meet various needs, allowing everyone to enjoy memorable moments tossing the old pigskin around.


Foam footballs are cheap and incredibly lightweight. The soft material makes them great for young kids that are learning how to throw and catch. A higher quality foam may be used for recreational games also.

Foam footballs aren’t as durable as their leather and rubber counterparts but remain a favourite among fans because of their affordability and how easy they are to replace.

For players looking for a durable football without breaking the bank, rubber and synthetic leather alternatives are an excellent choice. These materials are longer lasting than foam and are cheaper than genuine leather. The exterior feel is formulated for enhanced grip, which makes this football a perfect choice for practice equipment. Rubber and synthetic leather are also more moisture-resistant than leather, eliminating the odds of footballs swelling if left out in harsh wheater.


Footballs made from real leather are regarded as being of the most exceptional quality. Due to the tanning process used in treating the leather, these footballs possess an inherent tackiness to them, making them incredibly easy to grip when dry. Genuine leather footballs are also the priciest option available, but with this durability comes a higher price tag.

Though your balls outer layer should be your primary concern in regards to materials, you also need to take into account the bladder and lining. Foam footballs won’t have these options available, but if you feel you would enjoy the advantages of a plastic or synthetic leather or genuine leather balls, start looking for balls featuring a multi-layered lining and butyl bladder. These attributes will help the ball retain its form and structure better as time passes.

When it comes to selecting the ideal size of the ball, there are a couple of options available. While you should take the thrower’s hand size into account, the simplest way to ascertain which size ball is best is by determining the average age of the participant. Most footballs are categorized for use among four Primary age groups that leagues are usually divided into.