Australia Tries to Keep Economic Expansion Streak of 28 Years Alive

The transcript discusses Australia's economic journey from past contractions to a record 28 years of growth. However, current challenges such as declining home prices, a falling Australian dollar, and the US-China trade war threaten this streak. The recent election win by Scott Morrison's government may offer hope through potential tax cuts and housing industry support.

What significant economic achievement is Australia approaching, as mentioned in the first section?

• The highest GDP growth in the world

• The lowest unemployment rate in history

• A record of 28 years of continuous expansion

• A surplus in the national budget

What is one of the main factors causing concern among bond and currency traders in Australia?

• Rising inflation rates

• Declining home prices in Sydney

• A strong Australian dollar

• Increasing interest rates

How has the US-China trade war affected Australia's economy?

• It has led to increased exports

• It has stabilized the currency

• It has eroded confidence

• It has boosted investor confidence

What is one potential outcome of Scott Morrison's election win for the Australian economy?

• Stricter trade policies

• Higher inflation

• Increased interest rates

• Tax cuts

What sector might receive relief as a result of Morrison's policies?

• The housing industry

• The agricultural sector

• The technology sector

• The mining industry