Bright outlook for Australia
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ECONOMIC growth will improve and the trade deficit will narrow but interest rates will have to rise, a new international report on the Australian economy has found.
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SYDNEY : Australia is increasingly optimistic about securing a free trade deal with China, which it believes could be even more important than the recently signed pact with the United States.
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The recently re-elected government of Prime Minister John Howard welcomed a positive report by the International Monetary Fund on Tuesday and vowed to continue its program of economic reform.
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Australiaâs conservative government on Tuesday pared back its economic growth outlook due to disappointing exports, as expected, but said its budget position had been boosted by strong tax receipts.
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Australia&#39;s plans to create a maritime surveillance zone reaching into Indonesian waters is an example of its insensitivity to Asia and will bolster the view of Australia
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PETER CAVE: Australia has been looking forward to coming away from an unprecedented summit of regional leaders with an agreement on a free trade deal between Australia, New Zealand and the ASEAN nations.
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The International Monetary Fund on Monday commended Australia for its strong economic performance and said the country&#39;s outlook was favorable and unlikely to
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The Australian government Tuesday revised down its forecast for gross domestic product next year to 3 percent. In May, the government had projected GDP for the fiscal year ending June 30, 2005, to reach 3.5 percent.
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Barring negative impacts on the aviation industry, such as global terrorism, Australia&#39;s flagship carrier had an upbeat future, Qantas&#39; chief executive Geoff Dixon said.
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Australia experienced one of its hottest years on record in 2007, and climate experts have warned that the higher temperatures are likely a taste of things to come as weather patterns change.
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Ireland is poised to grow faster with a smaller deficit thanks to the global economic recovery, the government says.
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CANBERRA : Booming tax revenue has given Australia a bumper budget surplus but the economic growth forecast has eased by half a percentage point to a still strong three percent, Treasurer Peter Costello said.
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Nuclear power is a viable option for meeting Australia's future energy needs, a new government report says.
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The coming week will likely reveal that there is life yet in the economy, with several surveys showing encouraging gains.
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Payments to Australia's drought-hit farmers could be linked to climate change schemes, under new plans.
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Growing world markets for minerals and energy will help push Australia&#39;s commodity exports up 15 percent to a record 95 billion Australian dollars (US$71 billion; euro54 billion) this fiscal year, the government&#39;s chief commodities forecaster said Monday.
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The Labor opposition had its first positive bounce in the third week of the campaign for the Australian election on October 9. First, last week it launched its long awaited taxation policy.