Posted October 07, 2018 05:05:17 Australia is once again the centre of the tech bubble, as tech giants such as Facebook and Apple continue to grow.
A year ago, the global economy was in a state of near-death and the Australian dollar was in freefall.
The Federal Reserve was also struggling to prop up the Australian economy.
But, just over a year on, the Federal Government has finally been able to push the economy back into its healthy trajectory.
The government has made a number of policy announcements aimed at keeping the economy on track.
These include the launch of a national broadband network and a carbon tax.
In February, the government announced a $10 billion investment in the construction of the National Broadband Network (NBN) and the National Carbon Capture and Storage (NCCS) Facility (NCF).
The first phase of the NBN is due to be completed in 2019.
The Government also announced a new $50 million infrastructure fund to help build a network of 100,000km of fibre optic cable.
The NBN is a fibre optic fibre optic network, which means it will connect Australia to the rest of the world.
It will provide broadband connectivity to all of the country’s homes, businesses and communities.
It is also the first major network to be delivered to rural Australia.
The NBN is expected to provide an economic boost to the state of Victoria and provide a much-needed boost to employment and investment.
But the NBN will also help to stimulate a global tech bubble.
The global tech industry is growing at an annual rate of about 9 per cent.
This is not only good news for the Australian tech industry but also the Australian Government.
The growth in the global tech sector has seen Australia overtake the United States as the world’s most valuable economy.
The Australian economy is currently projected to grow by 7 per cent this financial year.
In 2019, the Australian Federal Budget projects that the country will be on track to create 4.5 million jobs, bringing the economy’s annual growth rate up to 6.5 per cent, with the Government forecasting 3.5 billion net new jobs.
In addition, the Government has also committed $400 million to the NBN, which will provide an additional $50 billion to the economy by 2019.
Meanwhile, in June, the Reserve Bank cut its forecast for the GDP growth rate to 7.4 per cent in 2019, from 7.8 per cent projected in October.
This was in line with the Federal Budget and signals the economy is likely to be on the rebound in 2019 and early 2020.
Australia is now in the third year of a period of economic contraction that has seen the economy contract by 2.7 per cent from the end of 2019.
This has coincided with a global slowdown in the world economy.
“This is a big deal for the economy, it’s a big setback for the banks and for the stock market, it has a big impact on the economy,” Pauline Hanson told the ABC in May.
But the Government says that the economic slowdown is also a major boost to its efforts to reduce the carbon tax, which is set to come into effect in 2020.
The tax is expected be revenue neutral.
Finance Minister Mathias Cormann has also been a vocal proponent of reducing the carbon price, which was introduced in 2020 and was aimed at reducing emissions from the manufacturing sector.
Cormann said the Government is aiming to have the carbon rate below $30 per tonne by 2020, but has to be sure that the tax doesn’t add to Australia’s $3 trillion debt burden.
What’s happening in Australia?
Australia’s economy has been in a deep economic slump since the end the global financial crisis.
It’s the third-largest economy in the OECD.
In 2018, the country reported its largest economic contraction since the Great Depression in the 1930s.
Its gross domestic product contracted by 1.5 percentage points in the 12 months to June 2018.
The economy’s output contracted by a further 0.6 per cent year on year in 2019 as well.
More than a quarter of Australians live in poverty, with almost two thirds of them living in the rural areas of Australia.
According to the Australian Bureau of Statistics (ABS), the median household income in Australia is just $22,600 a year.
Over the past decade, the cost of living has been increasing, with inflation-adjusted average wages rising by 2 per cent a year since 2012.
Despite this, the average Australian household is expected have income of $50,800 a year in 2021, according to the ABS.
There are more than half a million Australians living in poverty.
With the global economic crisis over, it is important to remember that there are many positives to having a healthy economy.
It provides a boost to Australian manufacturing and the mining industry, and also creates jobs for Australian workers.
However, the economy can only grow so fast and if it can’t maintain the growth it needs to