Economic GrowthAustraliaThe Australian economy grew a seasonally adjusted 0.3 percent in the September quarter of 2018, slowing sharply from a 0.9 percent expansion in the previous period and missing market consensus of a 0.6 percent advance. This was the weakest pace of expansion since a contraction seen in the third quarter of 2016, mainly due to a sharp slowdown in private consumption and a pull-back in non-residential construction. GDP Growth Rate in Australia averaged 0.85 percent from 1959 until 2018, reaching an all time high of 4.40 percent in the first quarter of 1976 and a record low of -2 percent in the second quarter of 1974.
GDP Growth Rate in Australia is expected to be 0.60 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate GDP Growth Rate in Australia to stand at 0.80 in 12 months time. In the long-term, the Australia GDP Growth Rate is projected to trend around 0.80 percent in 2020, according to our econometric models.ChinaThe Chinese economy advanced 6.
5 percent year-on-year in the September quarter of 2018, after a 6.
7 percent growth in the previous period and missing market consensus of 6.6 percent. It was the lowest growth rate since the first quarter of 2009 during global financial crisis, amid intense tariff dispute with the US and alarming off-balance-sheet borrowings by local governments. GDP Annual Growth Rate in China averaged 9.58 percent from 1989 until 2018, reaching an all time high of 15.40 percent in the first quarter of 1993 and a record low of 3.80 percent in the fourth quarter of 1990.The Chinese economy advanced 6.5 percent year-on-year in the September quarter of 2018, after a 6.7 percent growth in the previous period and missing market consensus of 6.6 percent. It was the lowest growth rate since the first quarter of 2009 during global financial crisis, amid intense tariff dispute with the US and alarming off-balance-sheet borrowings by local governments. GDP Annual Growth Rate in China averaged 9.58 percent from 1989 until 2018, reaching an all time high of 15.40 percent in the first quarter of 1993 and a record low of 3.80 percent in the fourth quarter of 1990.Quality of lifeAustraliaAustralia’s HDI value for 2017 is 0.939, which put the country in the very high human development category, positioning it at 3 out of 189 countries and territories. Between 1990 and 2017, Australia’s life expectancy at birth increased by 6.2 years, mean years of schooling increased by 1.2 years and expected years of schooling increased by 5.5 years. Australia’s GNI per capita increased by about 56.7 percent between 1990 and 2017.ChinaChina’s HDI value for 2017 is 0.752, which put the country in the high human development category, positioning it at 86 out of 189 countries and territories. Between 1990 and 2017, China’s HDI value increased from 0.502 to 0.752, an increase of 49.7 percent. Between 1990 and 2017, China’s life expectancy at birth increased by 7.1 years, mean years of schooling increased by 3.0 years and expected years of schooling increased by 5.0 years. China’s GNI per capita increased by about 898.7 percent between 1990 and 2017.Employment and unemploymentAustraliaAustralia’s seasonally adjusted unemployment rate stood at 5 percent in October 2018, the same as in the prior month but slightly below market estimates of 5.1 percent. The jobless rate remained at its lowest level since April 2012. Unemployment Rate in Australia averaged 6.86 percent from 1978 until 2018, reaching an all time high of 11.20 percent in December of 1992 and a record low of 4 percent in February of 2008. Unemployment Rate in Australia is expected to be 5.20 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate Unemployment Rate in Australia to stand at 5.00 in 12 months time. In the long-term, the Australia Unemployment Rate is projected to trend around 5.30 percent in 2020, according to our econometric models.ChinaUnemployment Rate in China decreased to 3.82 percent in the third quarter of 2018 from 3.83 percent in the second quarter of 2018. Unemployment Rate in China averaged 4.10 percent from 2002 until 2018, reaching an all time high of 4.30 percent in the fourth quarter of 2003 and a record low of 3.82 percent in the third quarter of 2018.Unemployment Rate in China is expected to be 4.00 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate Unemployment Rate in China to stand at 4.20 in 12 months time. In the long-term, the China Unemployment Rate is projected to trend around 4.00 percent in 2020, according to our econometric models.Distribution of incomeAustraliaChinaEnvironmental sustainabilityAustraliaChinaThe role of government in providing: Health Care, Education and Social WelfareAustraliaChina
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