A Remarkable Ride for Australia?s Economy As Policy Stimulus And China Save It From Recession Sep 09

Standard & Poors, September 2009

Abstract
While weak conditions continue to dampen the prospects of many sovereigns, Australia's economic performance and outlook are brighter than most. Indeed, Australia has shown considerable resilience in the face of a very difficult international environment--key areas of the economy have responded well to economic policy stimulus and there has been surprising demand for Australia's commodity exports from its Asian neighbors. Higher consumer and government spending, house sales, business investment, and export performance lead GDP growth 0.6% higher in the June quarter (and 0.6% higher over the year). This followed a rise of 0.4% in the March quarter (up 0.3% year-on-year). The one contraction in quarterly growth occurred in the December 2008 quarter when activity dropped by a sizeable 0.7% in...

Companies mentioned in this report are: Australia (Commonwealth of) (Unsolicited Ratings),China (People's Republic of )

Standard and Poors RatingsXpress Credit Research provides in-depth coverage of international corporates, financial institutions, insurance companies, utilities, sovereigns and structured finance programs. RatingsXpress Credit Research lets users determine the credit rating of holdings and identify key factors underlying an issuer's creditworthiness, distinguishes the different risk exposures for new and existing deals, and provides an understanding of how their analysts interpret key regulatory, political and environmental events and their economic impact.

Research Type: Commentary
Criteria articles describe the thought process and methodology Standard & Poor's analysts use in determining ratings. These commentary pieces discuss both the quantitative (economic and financial) and qualitative (business analysis and caliber of management) aspects of the analysis, as well as legal issues.

Australia (Commonwealth of) (Unsolicited Ratings),China (People's Republic of )

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