Australia ScorecardJanuary 16, 2013
As part of this year’s Global Innovation Barometer, GE’s Global Market Intelligence team created a scoring model to rank Australia on certain factors inherent to its specific government, business and educational environments that impact the level of innovation there.
Signs of decelerating growth emerged in Q3, but monetary easing and support from China’s recovery should ensure a soft landing.
The Reserve Bank of Australia left the policy rate unchanged in its November meeting following a 25bp cut in October, citing the improving conditions in China and past rate cuts. But in December they eased rates once again. Terms of trade have fallen 11% since the peak in the 2011Q3, and are likely to drop further in 4Q.