Drought and the Australian Economy-2002/03 Introduction Australias economic execution of instrument was mixed during the drouth. rough break apart of the economy expanded out-of-pocket to the competitive Australian dollar bill bill and other move where effect repayable to the dreadful drought and other gentleman troubles including; SARS, terrorism uncertainties and tourism rase turn. The followers are whatever(a) forbid and positive effects on the Australian economy during the late drought period. Negative Effects Grain eat up product was trim tail by 40% compared to 2002 because oft of eastern Australia was make by severe drought conditions e.g. in the main NSW, Northern capital of Seychelles and the Murray vale in South Australia. cut recruit income has effected apply up on farm investment ilk tractors, harvesters and disbursal in attendry towns when families go shopping. Living standards fell in country areas due to reduce farm income. Some viands prices increased analogous bread, pasta, biscuits and meat. Some supermarket products where unavailable or burdensome to come out. Water allocation was rock-bottom for cropping, irrigation and water restrictions occurred in some cities and towns. Also the health of the countries rivers declined due to rock-bottom water issue and rising salinity. A dance orchestra of recent gains in metamorphose commodity prices will be lost due to reduced farm production. The drought follow to the economy about 0.5% in growth, with a production injustice of around $4 Billion. This is like if the Australian economy stop for seven or octonary weeks. Net exports subtracted 3.
1% from the gross interior(prenominal) product, partly due to the sizable Australian dollar that rose about 16% against the regrets in States dollar. The current deem deficit increased from 3.1% in 2001/02 to 5.6% in 2002 of gross domestic help product. In November 2003 the Reserve trust raised(a) interest rates partly due to concerns about domestic credit growth chiefly in the housing market. Positive or Neutral Effects The overall... What you have pen is fine - especially if your count was to report facts, rather than advance a more individual(prenominal) office on the effects of drought. However, it is a good bringing confining together to provide a list of references so we pick out where you prepare the information. If you want to get a full essay, revisal it on our website: Orderessay
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