This week we will focus on Australian Trade Balance. This meeting or release is scheduled the first week of each month.
The economy of Australia is one of the largest capitalist economies in the world with a GDP of US.5 trillion as of 2013. Australia’s total wealth is 6.4 trillion dollars. In 2012, it was the 12th largest national economy by nominal GDP and the 17th-largest measured by PPP-adjusted GDP, about 1.7% of the world economy. Australia is the 19th-largest importer and 19th-largest exporter. The Reserve Bank of Australia publishes forecasts of the economy quarterly.
By Barry Norman, Investors Trading Academy.