business planning

Introduction

Global economic growth has been buoyant than in 2005 , global oil process which have stabilised over a period remains a major risk to world economic growth . Global economy is the ability for countries do develop business partnership and exchange various goods and services . World trade allows different countries to exchange their products in form of trade . This fosters partnership or regional trade between different countries . In recent time Australia has become a major trading partner to Asian countries , exporting huge amount of its agricultural products to Asia 's large markets

p Global economy is anticipated to continue to grow at a moderate strong rate , it is estimated that , the Global GDP will go up by 5 in the year 2007 /08 . The positive growth is due to expected high economic growth from Asian countries such as China , Japan , India and also the European countries . Economic growth in United States is estimated to lower in 2007 and strengthen in 2008

South East Asia economy

Currently there have been good indications of economic growth in many of Asian countries . Malaysia , Japan Singapore and other SE Asians counties are witnessing improved GDP in their countries . For a country like Singapore it has shown economic growth of 7 in the year 2006 /07 . This economic growth is being attributed to increase in domestic and international trade . The amount of imports of SE Asians countries has increased the SE Asian countries have increased the amounts of agricultural imports from Australia . This has increased the volume of their trade at the same time opening up cheaper agriculture products source that are being imported to Asian countries especially Japan and Malaysia which are used in the by the high population in those countries . Asian countries are also witnessing growth in the household sector , it is estimated that consumption will continue to grow at a moderate rate through out the year 2006 /07

Australian economy

Economic growth is on the positive side as from 2006 , despite being affected by a severe drought , economic growth is expected to continue with an estimated GDP of 3 .75 in the 2007 /08 going up from 2 .5 in the 2006 /07 . Economy in the year 2007 /08 is expected to increase because of a recovery from drought , increased exports and an increment in business investments . The Australian economy is responding well to global economy . In general , wage pressures are estimated to remain under control and inflation is estimated to remain moderate . Low inflation implies that , automotive fuel prices have stabilized in addition high prices of fruit experienced in 2006 have gone down , lowering inflation rates . It is estimated that inflation will go down from 2 .75 in 2006 /07 to around 2 .5 in 2007 /08

The Australian currency is expected to remain strong this is because exports of rural commodities are estimated to increase in 2007 /08 . In addition , exports of well finished manufactured goods and service are anticipated to reduce the high exchange rate being witnessed and enhance international...