Articles on Global economy

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Australia can expect expansion in sectors such as tourism, the health and financial services sectors, banking and securities. AAP Image/Joel Carrett

As the mining boom wanes, Australia pivots to services

Mining, along with agriculture, will continue to be key parts of the Australian economy -- but new growth is expected in the services sector.
Large movements in relative prices will create winners and losers this year, the IMF has said. EPA/MICHAEL REYNOLDS

China economy to slow, hurting Australia: IMF

A new IMF report predicts a crackdown on cheap credit in China will help reduce China's real GDP growth rate from 7.4% last year to 6.8% this year and further weaken demand for Australian commodities.
Apple’s global network control has helped it achieve bumper profits. Andrey Bayda / Shutterstock.com

Why Apple is the world’s most successful company – the power of networks

The latest round of quarterly results have recently come out and the likes of Apple and Boeing have announced bumper profits. Others such as Sainsbury’s and Samsung have not fared so well. So what is it…
A trade spat between India and the US was the most serious threat to the WTO in years. Reuters

Why the WTO still matters

Despite sluggishness in the world economy, global trade reached an astonishing US$23 trillion last year. The World Trade Organization has been the primary guarantor of this extraordinary growth in global…
The collapse of Lehman Brothers was a pivotal moment in the most recent financial crisis. The next crash may feature another bank failure. Reuters

What will the next financial crisis look like – and are we ready?

The subprime crisis and the subsequent failure of Lehman Brothers came as such a shock – and the repercussions were so severe that when the time came to mount a response, policy makers were as surprised…

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