What are the impacts for preserving and protecting Australian Fossil sites?
Australia has an enviable, strong economy with a per capita GDP on par with the four dominant West European economies. Emphasis on reforms, low inflation, a housing market boom, and growing ties with China were key factors over the course of a 17-year economic expansion that ended with the recent global financial crisis. Business and consumer confidence and high export prices for raw materials and agricultural products fueled the economy to the point of overheating in recent years, particularly in mining states. Drought, robust import demand, and a strong currency pushed the trade deficit up, while infrastructure bottlenecks and a tight labor market constrained growth in export volumes and stoked inflation through mid-2008. The economy fared relatively well during the global financial crisis, narrowly avoiding a technical recession because of monetary and fiscal stimulus, buoyant export demand and investment from China, and the strong health of Australia’s banking sector. Australia bec
