Posts Tagged recession
In keeping with Australia’s continuing economic growth despite the otherwise global economic downturn, the Australian central bank was the first of the G20 nations central banks to raise interest levels (from 3% to 3.25%). In addition, the central bank has indicated that interest rates would continue to rise if economic growth continues at the present rate.
This rise in interest rates is great news for people planning to live, work or invest in Australia.
Click here for more details about the Australian economy and it’s changes in interest rates.
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According to the New Zealand Herald, New Zealand has become the favourite holiday and travel destination for Australians, overtaking even the traditional favourite the UK.
Polls by the Flight Centre show that Australians are ever more keen to visit New Zealand, as it is both a short haul destination and offers benefits such as a weak New Zealand dollar and a European type landscape. When these features add up, choosing NZ over the UK makes sense. Especially in these “recession” times when individuals are worried more about job security and so prefer to take shorter rather than the traditionally long, UK and Europe based holidays.
Click here to read the full story.