1. Successfully prepare a report after a careful research and analysis of the economic situation presented. Use of relevant macroeconomic concepts, statistical information will be handy to explain your findings. This assessment allows you to apply your knowledge on the concepts and ideas discussed in all the modules during the course of study of this unit. This assignment is to mainly help you excel in your research and analysis and present a quality video presentation on your findings.
Instructions
Based on the information provided, you are expected to research and analyse the current economic situation here in Australia.
Your task
You are a part of the elite team working with the Governor of the Reserve Bank of Australia, Dr Philip Lowe. You and your team headed by the Governor are mainly responsible for steering the Australian economy towards growth. You hear there are indications that Dr Lowe is leaning towards a further fall in the cash rate from the current 1.5%. In addition, talks are that Australia’s GDP will fall below 3% in 2019. Some members in your team claim Australia’s slow growth is not only because of a slow growth in the domestic housing market but also because of China’s economic slowdown. Some others have a different view. What is your finding? Dr Lowe is currently overseas attending an Economists Conference. He would prefer for you to present your findings as a video presentation.Your report must be 3000 words long and should be addressed to the Governor of Reserve Bank of Australia. You are meant to use all the relevant economic concepts that you may have covered in class and that you have researched to support your answer
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