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Recently Australia's economic growth performance has been promising, considerably better than most countries in this unstable time in global affairs.
In the late 1990's the RBA had successfully maintained a sustainable rate of economic growth. Their target was between 3-5 % in which they achieved. This was mainly due to their responsible and carefully planned monetary policy that the RBA carried out over these years that has prevented large fluctuations in the Business cycle. Though the economy and hence, economic growth has experienced a considerable downturn. This is due to a continuing weakness in the international economy...
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