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Drought and the Australian Economy-
Drought and the Australian Economy-2002/03
Australia's economic performance was mixed during the drought. Some parts of the economy expanded due to the competitive Australian dollar and other parts where effected due to the severe drought and other world issues including; SARS, terrorism uncertainties and tourism down turn.
The following are some negative and positive effects on the Australian economy during the recent drought period.
 Grain production was reduced by 40% compared to 2002 because much of eastern Australia was effected by severe d…
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- Drought and the Australian Economy-
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