Territory Stories

Budget papers 2008 - 2009

Details:

Title

Budget papers 2008 - 2009

Other title

2008/09 Budget paper

Creator

Northern Territory. Department of Treasury

Collection

Northern Territory budget papers; Reports; PublicationNT

Date

2008-05-06

Notes

Made available via the Publications (Legal Deposit) Act 2004 (NT).

Language

English

Subject

Appropriations and expenditures; Periodicals; Budget; Finance, Public

Publisher name

Northern Territory Government

Place of publication

Darwin

Volume

2008/09

File type

application/pdf

Use

Attribution International 4.0 (CC BY 4.0)

Copyright owner

Northern Territory Government

License

https://creativecommons.org/licenses/by/4.0/

Parent handle

https://hdl.handle.net/10070/244906

Citation address

https://hdl.handle.net/10070/591614

Related items

https://hdl.handle.net/10070/591610; https://hdl.handle.net/10070/591616; https://hdl.handle.net/10070/591612; https://hdl.handle.net/10070/591602; https://hdl.handle.net/10070/591605; https://hdl.handle.net/10070/591607; https://hdl.handle.net/10070/591608

Page content

7Economy Overview External Economic Environment The significance of the mining and tourism industries makes the Territory economy particularly reliant on exports and susceptible to developments in the global economy. Global economic conditions are expected to be less stable and less predictable in 2008. The outlook for the Australian economy remains favourable, primarily reflecting strong Chinese demand for commodities. The outlook for Australian growth is amongst the highest for developed nations. Risks to the generally positive outlook include the possibility of a greater than expected slowdown in the United States economy. 2005 2006 2007 2008e 2009f North East Asia China 10.2 11.1 11.4 10.2 9.6 Korea 4.0 5.0 4.9 4.9 5.1 Japan 1.9 2.4 2.0 1.3 1.8 Taiwan 4.0 4.9 5.7 4.3 4.6 Hong Kong 7.3 6.8 6.3 4.8 5.1 South East Asia Philippines 4.9 5.4 6.3 5.8 5.8 Indonesia 5.6 5.2 6.3 6.2 6.0 Malaysia 5.2 5.9 6.3 5.6 5.8 Thailand 4.5 5.1 4.8 4.6 4.9 Singapore 6.4 7.9 7.7 5.2 5.9 North America United States 3.2 2.9 2.2 1.4 2.3 Canada 2.9 2.8 2.7 1.5 2.3 Eurozone 1.5 2.9 2.6 1.5 1.8 Russia 5.5 6.5 7.0 6.8 6.3 India 8.4 8.4 7.8 8.1 8.4 Australia 2.8 2.8 3.9 3.3 3.2 New Zealand 2.1 1.7 3.1 2.0 2.5 e: estimate; f: forecast Source: Consensus Economics Consensus Forecasts March 2008 (India: financial year reported) (Russia, Philippines: International Monetary Fund) Gross Domestic Product (annual percentage change)


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