Austrade has released its Why Australia Benchmark Report 2020 (BMR). Now in its 20th year, the report provides a wide range of economic and financial data that demonstrates why there is no better partner for trade, investment and collaboration than Australia. from Austrade Economist's Corner https://ift.tt/2ExKYzU via IFTTT

Australia’s competitiveness – a key metric for international investors – remains stable, according to an annual survey compiled by the Institute for Management Development (IMD). Based in Switzerland, the IMD is one of the world’s most prestigious business schools and its rankings are highly regarded. from Austrade Economist's Corner https://ift.tt/2VW2JhA via IFTTT

According to the International Monetary Fund (IMF), Australia’s GDP will perform better in 2020 than was feared just two months ago. from Austrade Economist's Corner https://ift.tt/38eLux8 via IFTTT

The cost of living for expatriates has fallen sharply in Australia's largest cities, according to Mercer's 2020 Cost of Living Survey. from Austrade Economist's Corner https://ift.tt/3dnMGPR via IFTTT

Despite the dislocation in world trade caused by pandemic lockdowns, Australia’s record on attracting investment helps keep our economy on strong foundations. from Austrade Economist's Corner https://ift.tt/3fJPzwx via IFTTT

In one key area, Australia entered the current period of uncertainty comparatively stronger than virtually all other developed economies – savings. from Austrade Economist's Corner https://ift.tt/2Vx3wF4 via IFTTT

According to The Heritage Foundation (Heritage), a US research institution, Australia now ranks fourth in terms of how free its economy is, compared to 180 other countries. from Austrade Economist's Corner https://ift.tt/2UeqqBA via IFTTT

Against the backdrop of a challenging global economic environment, Australia’s trade recorded strong growth in the financial year (FY) 2018–19 according to the latest data release by the Department of Foreign Affairs and Trade (DFAT). from Austrade Economist's Corner https://ift.tt/2U9Bi2f via IFTTT

Sociologists describe the word ‘glocalisation’, as showing global and local tendencies at the same time. It is a term that is increasingly relevant to Australia’s internationally active businesses. from Austrade Economist's Corner https://ift.tt/2V6VOma via IFTTT

Sociologists describe the word ‘glocalisation’, as showing global and local tendencies at the same time. It is a term that is increasingly relevant to Australia’s internationally active businesses. from Austrade Economist's Corner https://ift.tt/2V1Z02K via IFTTT

Australia’s International Business Survey 2019 provides new insights into what Australia’s exporters are thinking, which markets are appealing, and signals trade tensions are beginning to dent confidence. from Austrade Economist's Corner https://ift.tt/36bm0iI via IFTTT

The International Monetary Fund’s (IMF’s) World Economic Outlook (WEO) October 2019 is now projecting that the global economy will likely grow at 3.0% in 2019, down 0.3 percentage points (pp) from its April 2019 update. from Austrade Economist's Corner https://ift.tt/33MIXqw via IFTTT

International visitors arrive almost exclusively by air. Latest data shows 99.2% of inbound visitors came to Australia by air while just 0.8% arrived via cruise ships. from Austrade Economist's Corner https://ift.tt/2N5GHq6 via IFTTT

Australia's economy grew by 0.5% in the fourth quarter (Q4), lifting Australia's annual economic growth rate to 1.9% in FY2018/19 according to the latest National Accounts figures released by the Australian Bureau of Statistics. from Austrade Economist's Corner https://ift.tt/2ZL1jG4 via IFTTT

For a long time tourism operators have been buoyed by the industry’s impressive economic performance. At face value, results from Tourism Research Australia’s latest International Visitor Survey bring more of the same. Spend is up more than 5% over the year to A$44 billion. Overseas arrivals are at all-time highs. With each release of new data, however, substantial changes become apparent. The most obvious is this: that the healthy 5% boost in spend is happening off the back of very sluggish growth in visitor numbers. from Austrade Economist's Corner https://ift.tt/30E2tUz via IFTTT

I recently reported on Australia’s excellent record for attracting investment from overseas. But what keeps the money coming? from Austrade Economist's Corner http://bit.ly/2HUwlW9 via IFTTT

Part II of this blog I look at where Australia’s foreign direct investment (FDI) comes from, and the impact it has on some of our most valuable export industries. from Austrade Economist's Corner http://bit.ly/30QcfUH via IFTTT

With an enviable AAA sovereign risk profile, low political risk, and a strategic position that links East and West, Australia is a thriving hub for international commerce. from Austrade Economist's Corner http://bit.ly/2QgQBUo via IFTTT

Overseas investment in Australia grew by 9.5% in 2018 according to the latest report from the Australian Bureau of Statistics. Australia’s stock of foreign direct investment (FDI) is now worth A$968 billion, having grown by an average 8.5% per year since 2011 – an exceptional performance by international standards. from Austrade Economist's Corner http://bit.ly/2Vp3Tzk via IFTTT

Australians’ prowess in two key areas – innovation and skills – continue to underpin the country’s strong investment track record, according the latest edition of the Why Australia Benchmark Report 2019. from Austrade Economist's Corner http://bit.ly/2DLBvRT via IFTTT