Australia's Westpac Banking Corp and the Melbourne Institute stated the annualised growth rate of the Westpac–Melbourne Institute Leading Index, which indicates the likely pace of economic activity three to nine months into the future, was 6.8% in Jul-2010, well above its long term trend of 3.2%. The annualised growth rate of the Coincident Index was 4.3%, also above its long term trend of 3.3%. However, the companies stated it is the fourth consecutive month when the growth rate of the Index has slowed. In absolute terms the growth rate of the Index is still high but it has clearly peaked. Based on current forecasts, that year average growth in 2010 will be 3.5%, with an even pace through the year, despite some sizeable swings in different sectors.
Australian economic activity above trend growth, but pulse past its peak
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While it was acknowledged that progress on major deals was not going to happen overnight, the hope was that as layers of sanctions came down, Iran would be embraced by the rest of the world. In return, Iran was expected to open itself up progressively to foreign trade and investment, and to travel.
The road ahead was perceived to be one that was both a very different, and far easier, one than the one Iran had already travelled. Aviation in particular was a sector that was expected to shine and lead the way for a new era for the country.
Sydney to host CAPA Australia Pacific Aviation Summit in 2017
SYDNEY, 4 October, 2016 – CAPA - Centre for Aviation is pleased to announce that Sydney is set to play host to the CAPA Australia Pacific Aviation Summit in 2017, the region’s largest strategic aviation and travel industry event attracting up to 1,000 of the world’s leading industry executives to Sydney.
NSW Minister for Trade, Tourism and Major Events Stuart Ayres said the two-day Summit will provide a forum for strategic discussions on aviation issues across Australia and the Pacific region and showcase Sydney to the world.