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Economy Overview of Australia
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Economic Environment:
Prosperous Western-style capitalist economy. Economy has expanded at a reasonably steady rate in recent years. In addition to high unemployment, short-term economic problems include a balancing of output growth and inflationary pressures and the stimulation of exports to offset rising imports, especially given the Asian economic crisis.
Industries:
Major exporter of agricultural products, minerals, metals and fossil fuels.
Infrastructure:
Excellent domestic and international telephone service.
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