Recent Significant Global Economic Events – Week 2

Australia’s Economy Struggles Reflecting China’s Economy:

Australia has enjoyed almost three decades of economic growth. They completely avoided the 2006 – 2009 Financial Crisis because so much of Australia’s economy is focused on the export of materials to China.

But being tied to China apparently is less of a good thing currently. As China’s economy has slowed due to the trade spat with the USA, Australia’s Central Bank is reducing interest rates trying to avoid a recession. Is this an economic “caution” yellow flag?