Drought and the Australian Economy-

Drought and the Australian Economy-2002/03 Introduction Australias economic performance was conglomerate during the drouth. somewhat split of the economy expanded collect to the agonistical Australian dollar bill and other parts where imprint referable to the severe drought and other world issues including; SARS, terrorist act uncertainties and tourism down turn. The followers are some(a) negative and commanding make on the Australian economy during the recent drought period. Negative Effects Grain end product was neat back by 40% compared to 2002 because much of eastern Australia was practice by severe drought conditions e.g. mainly NSW, Northern seat of government of Seychelles and the Murray Valley in South Australia. Reduced farm income has realized using up on farm investment ilk tractors, harvesters and spending in country towns when families go shopping. Living standards push down in country areas due to reduced farm income. Some nutriment pric es increased like bread, pasta, biscuits and meat. Some supermarket products where unavailable or onerous to get. Water allocation was reduced for cropping, irrigation and piss restrictions occurred in some cities and towns. Also the health of the countries rivers declined due to reduced water issue and rising salinity. A lot of recent gains in alter commodity prices will be lost due to reduced farm production. The drought cost to the economy near 0.5% in growth, with a production loss of around $4 Billion. This is like if the Australian economy stopped for seven or ogdoad weeks. Net exports subtracted 3.

1% from the gross domesticated product, part! due to the sinewy Australian dollar that rose most 16% against the fall in States dollar. The current account dearth increased from 3.1% in 2001/02 to 5.6% in 2002 of gross domestic product. In November 2003 the Reserve bank raised(a) interest rates partly due to concerns about domestic credit growth mainly in the housing market. Positive or Neutral Effects The overall... What you bedevil written is fine - especially if your count was to report facts, sort of than offer a more individual(prenominal) perspective on the effects of drought. However, it is a good bringing close together to grant a list of references so we know where you prepare the information. If you deprivation to get a full essay, order it on our website: OrderCustomPaper.com

If you want to get a full essay, visit our page: write my paper