Moody s Keeps Australia s Triple A Credit Rating Despite...

Moody s keeps Australia s triple A credit rating despite rising debt Moody’s Investors Service decided to keep Australia’s AAA credit rating in August this year in the belief that it will be able to tough through a shaky economic environment in future. There were concerns that the credit rating would be lowered, as government debt is expected to rise above 40%, and the terms of trade has fallen, creating a larger CAD, and in turn NFD. However, they are confident in Australia’s ability to repay at around 4.5% of government revenues, with growth in some sectors, and GDP expected to grow, so the debt burden sits quite comfortably with similarly rated economies. http://www.abc.net.au/news/2016-09-06/gdp-likely-to-push-higher-as-government-spending-outweighs/7819416 GDP likely to push higher as government spending outweighs disappointing trade result Trade contribution to GDP has been disappointing, but government spending at 20.4BN in the June quarter encouraged JP Morgan to raise GDP forecast to 0.6%, leaving annual GDP growth at a steady 3.4%. The CAD has grown to 15.5 billion AUD as of this June quarter, with an overall decrease in the balance of goods and services, but increased iron ore and coal exports pushed the terms of trade upwards, though it had been falling since the peak of the mining boom in 2011, initiating downward revisions in the CAD (Figures released by the ABS shows that they have reviewed and narrowed the deficit by $5.8BN). Also narrowing the CAD is ourShow MoreRelatedProject Managment Case Studies214937 Words   |  860 PagesCanada 118 Riverview Children s Hospital 124 The Evolution of Project Management at Quixtar 145 3 PROJECT MANAGEMENT CULTURES 151 Como Tool and Die (A) 153 Como Tool and Die (B) 157 Apache Metals, Inc. 160 Haller Specialty Manufacturing 162 The NF3 Project: Managing Cultural Differences 163 An International Project Manager s Day (A) 172 An International Project Manager s Day (B) (see handout provided by instructor) An International Project Manager s Day (C) (see handout provided byRead MoreStephen P. Robbins Timothy A. Judge (2011) Organizational Behaviour 15th Edition New Jersey: Prentice Hall393164 Words   |  1573 PagesFull-Service Project Management: Christian Holdener, S4Carlisle Publishing Services Composition: S4Carlisle Publishing Services Printer/Binder: Courier/Kendallville Cover Printer: Courier/Kendalville Text Font: 10.5/12 ITC New Baskerville Std Credits and acknowledgments borrowed from other sources and reproduced, with permission, in this textbook appear on the appropriate page within text. Copyright  © 2013, 2011, 2009, 2007, 2005 by Pearson Education, Inc., publishing as Prentice Hall. All rightsRead MoreContemporary Issues in Management Accounting211377 Words   |  846 Pagesglobal management accounting community. Alnoor Bhimani London School of Economics December 2005 CONTENTS ‘ FOREWORD Anthony Hopwood PREFACE Alnoor Bhimani CONTRIBUTORS 1. New measures in performance management Thomas Ahrens and Christopher S Chapman 2. Contract theory analysis of managerial accounting issues Stanley Baiman 3. Reframing management accounting practice: a diversity of perspectives Jane Baxter and Wai Fong Chua 4. Management accounting and digitization Alnoor Bhimani 5. The