"The Australian economy is expected to grow by 2½ per cent in 2006-07, significantly slower than the Budget forecast of 3¼ per cent. The downward revision to GDP growth largely reflects the severe drought being experienced across large parts of Australia. Farm GDP is now expected to fall by around 20 per cent in 2006‑07, down from the 2 per cent increase anticipated at Budget. In 2007-08, GDP growth is forecast to accelerate to 3¾ per cent. Non-farm GDP is expected to grow by 3 per cent in 2006-07 and 3¼ per cent in 2007-08, while the farm sector is assumed to recover on the basis of a return to average seasonal conditions."
Sorry, did I bore you?
anyways, take that paragraph and multiply it by let's say...50 times?
and you'll have an idea of what i've been reading for my econs research
geez, cant these guys speak simple english?
like..
The downward revision to GDP growth largely reflects the severe drought being experienced across large parts of Australia
Just say lar! The stunted growth of the GDP is due to the drought.
or even simpler
Drought causes GDP growth to fall
These people should employ me to translate their budget reports.
Then again...why would I want that job?
-end of li hong's rant-
