The Australian economy is moving towards the end of 2004 in a strong position but with a number of mixed messages. This month's "Economic Overview" on page 1 of "The Agar Carlyon Report" (click here) summarizes a number of recent economic statistics. The overall picture is still of a very strong economy, growing at a rate expected to be between 3% and 4% next year, with inflation in check and with unemployment to drop possibly as low as 4%.
The A$ has strengthened over the past month against the US$ making it harder for Australian exporters and further weakening balance of trade figures as imports continue to remain attractive. Many opportunities exist for US companies in Australia.
And with the most important news being the signing of the USA / Australia Free Trade Agreement and its implementation date of January 1, 2005 , the outlook could not be better for US businesses seeking to trade, partner or joint venture with Australian companies.
For further immediate information you can contact us by either return email or by accessing our web site at http://www.agarcarlyon.com
The US Department of Commerce’s US Commercial Service lists on its web site in Australia just 29 companies as Business Service Providers. Agar Carlyon is proud to be included as one of those companies. Click here to find our listing on the US Commercial Service web site.
David Taylor editor@agarcarlyon.com