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The International Monetary1 Fund has slightly lowered its 2015 growth forecast for Australia, and warned the global growth remains2 moderate. In its latest report the IMF said it expected Australia's economy to grow two point eight percent this year that's slightly lower than its two point nine percent forecast last October. The group also predicted a rise in Australia's unemployment to six point four percent. The world's leading economic group also warned a slow growth in China or Japan, Australia's two top trading partners, could affect the rest of the region and the world economy.
While speaking from New York the treasurer3 Joe Hockey remained optimistic, saying investors4 in the US are setting their ambitions on Australia and Australia is ready for that investment.
Now for the power to you Australia is open for business, and it's getting on with the job, a future-proofing nation. Australia's plan is for a strong, five-pillar economy, an economy by a scope, advacing manufacturing, agriculture, mining, education and services.
Treasurer Joe Hockey is speaking there.
Let's take a look at the financial markets. And stocks on Wall Street will mix at the close. The Dow ended higher by 60 points, the NASDAQ lost ground slightly, while the S&P 500 closed much higher. In London the FTSE closed one sixth percent higher.
Checking commodity prices. WTC is trading at fifty-three US dollars a barrel, Tapies crude is trading at sixty-one US dollars a barrel, and gold is trading at evelen hundred and ninety-two US dollars an ounce. The Australian dollar is buying seventy-six US cents, seventy-two euro cents, and fifty-two pence sterling5.
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1 monetary | |
adj.货币的,钱的;通货的;金融的;财政的 | |
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2 remains | |
n.剩余物,残留物;遗体,遗迹 | |
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3 treasurer | |
n.司库,财务主管 | |
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4 investors | |
n.投资者,出资者( investor的名词复数 ) | |
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5 sterling | |
adj.英币的(纯粹的,货真价实的);n.英国货币(英镑) | |
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