Monthly Economic Indicators report July 2019
The Monthly Economic Indicators report for July 2019 is
now available on the Treasury website.
domestic business confidence and global concerns weigh on
GDP growth prospects
- Household confidence remains
resilient, supporting consumption outlook
- Fuel, food and
rent drive consumer price inflation
- Ongoing trade
uncertainty weighed on global business activity in the June
- Global consumer spending holds up, supported by
rising wages and solid labour
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New Reports: Flood Risk From Rain And Sea Under Climate Change
One report looks at what would happen when rivers are flooded by heavy rain and storms, while the other examines flooding exposure in coastal and harbour areas and how that might change with sea-level rise.
Their findings show that across the country almost 700,000 people and 411,516 buildings worth $135 billion are presently exposed to river flooding in the event of extreme weather events...
There is near certainty that the sea will rise 20-30 cm by 2040. By the end of the century, depending on whether global greenhouse gas emissions are reduced, it could rise by between 0.5 to 1.1 m, which could add an additional 116,000 people exposed to extreme coastal storm flooding. More>>