According to the latest Organization
Economic Co-Operation and Development (OECD) Economic
outlook for 2010-2011, Australia's employment and economic
growth outlook is amongst the best for this year.
OECD’s observation on the global recovery points to a
continued risk despite the widespread state of recovery.
This is particularly true from
the standpoint of the still state of instability in
a number of European independent debt markets.
The report reflects a strong economic management.
Australia’s employment status nowadays is a
testament on how the country fought off global
Another testament is the returning budget
surplus three years early as estimated and halving
the country’s peak debt.
The report also discusses Australia’s employment
estimates on achieving the Government’s objective
for enhanced learning and employment results across
all sectors of Australian society – from an
individual early childhood through the course of his
career to retirement.
|The OECD report illustrates that
Australian Government finances are amongst
the strongest in the developed world,
reporting lower debt than any of the other
This factor ensures that there is
substantial finances and capital to ensure that
Australia’s employment state can sustained with the
pull of a promising economy for investors, foreign
and local alike.
The report also places interest in the significance
of growth-enhancing restructuring. This would
guarantee the country can grow sustainably over the
standard term. Sustainable growth will be one of the
main topics of the upcoming G20 Financial Meetings.
It is also one of the key points in ensuring growth
in Australia’s employment.
It's in Australia's best
interests to pursue and keep doing the exceptional
work through the G20 meetings and the OECD reports.
This would facilitate in
building a sustainable worldwide revitalization, all the
while maintaining the flexibility of each country to pursue
what is right for their own economy. Another approach by the
government in sustaining Australian employment rates is
realizing higher educational preparation.
These upgrades engender up to
approximately $50 billion additional economic output for the
Australian employment and economy rates annually.
This average serves as an estimate for duration of
the next 30 years. That would be an equivalent to
$1850 per person. An estimate of 181,000 additional
Australian employment opportunities could be
generated yearly on average over the said period.
The independent report says that bracing the skills
and ability levels of Australians and as long as
better aid for working families, which the
Australian Government current policies in education
and employment are doing now, help sustain more than
an added 500,000 jobs annually and improve
Australia’s employment and economy by $4,000 a
The Australian government is working
double time to secure Australia’s employment and economic
future. All the while building a stronger financial system
for Australian families in the process.