Task Background

As an independent economic consultant, you have been contracted by the Commonwealth Government of Australia to provide an economic profile for the country and make recommendations in the context of the expected economic fallout from COVID19.

Task

Your deliverable is a structured country economic profile report with recommendations. Your report should cover the period from year 2014 to the most recent years for which data are available. The minimum number of years is five. Make sure that you can find data for this period. If you cannot find data for 2019, use data for the period between 2013 and 2018.

Report Structure

Executive summary

Here focus on the essential findings that your client needs to know, and your key recommendations.

Macroeconomic performance and Social impact

A)Assess the macroeconomic performance of the Australian economy based on macroeconomic indicators, e.g. GDP per capita, inflation, unemployment etc. Describe one social issue of the country that is significantly affected by the recent development and discuss its impact on the Australian macroeconomy

B)Choose any 1 Asia-Pacific country; critically analyse how Australia and your chosen country have applied macroeconomic policy measures to minimise the negative impact of COVID-19 on their economies. To what extent have they succeeded?

Conclusions and Recommendation

How are these factors likely to change in the near future (or how have they changed) because of COVID19 and what are your recommendations that could help reduce the recessionary pressures on Australian economy?

References