ECON6000: Performance of the Australian Economy - Relevant Statistical Data - Economics Assignment Help

Assignment Task :

Background You are an independent economic consultant. The Commonwealth Government of Australia has asked for your recommendations that will help prevent an economic slowdown as a consequence to COVID-19 quarantine restrictions. 

Task You are required to assess the performance of the Australian economy and compare with the economic profile of another country. Your report should incorporate the most recent data. You can obtain the required data from the sources mentioned below. 

Report Structure 

Executive summary (250 words): This section should focus on the essential findings and your key recommendations. 

Macroeconomic performance and social impact (1,500 words):

a) Assess the overall performance of the Australian economy by providing a detailed discussion on the relevant macroeconomic indicators. Highlight how the development of Australian economy has been affected. Explain how long it will take for the Australian economy to recover. You must use the relevant statistical data, graphs or diagrams to support your arguments

b) Choose your home country (or a country of your choice) for this section. Compare and contrast how Australia and your home country have applied macroeconomic policies to minimise the negative impact of COVID-19 on their economies. How effective has it been? Your focus must be on the steps taken by the TWO countries to manage the economic activities and not to control the spread of COVID19  

Conclusions and Recommendation  What are your recommendations to ensure that these macroeconomic policy measures work successfully for Australia? Discuss any recommendations that could help revive the Australian economy as quickly as possible. 

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