Gold Prices Slide as Hawkish Fed and Strong Dollar Weigh on Bullion 
Australia Eases Capital Gains Tax Reforms to Support Small Businesses and Startups 
Trump Questions USMCA Renewal as Trade Talks Continue 
Asian Stocks Rally as Japan and South Korea Reach Record Highs on US-Iran Peace Deal 
Italy’s Economy Outpaces Eurozone Peers as Investment Spending Fuels Growth 
German Industry Employment Falls to Lowest Level in a Decade 
Dollar Surges After Fed Holds Rates Steady, Signals Potential Tightening Ahead 
Trump Says No Hormuz Strait Tolls During 60-Day Iran Ceasefire 
Gold Prices Rebound on U.S.-Iran Peace Deal Optimism Despite Fed Rate Hike Signals 
The South Australian economy is expected to face challenges in the year ahead, but should be aided by the low-interest rate environment and by the weaker Australian dollar.
In 2014-15, the South Australian economy grew by 1.6 percent. It is expected to have grown 1.5 percent in 2015-16. The outlook for 2016-17 is for a continued modest growth of around 1.25 percent. The closure of the car industry in the region is indicative of a subdued manufacturing, to be partially offset by defense manufacturing in the State.
Further, a weaker AUD has lifted the competitiveness of the manufacturing sector, as well as agriculture, tourism and international education. Housing prices in Adelaide have grown only modestly through the year to September. House prices are up 2.7 percent for the year to September 2016, while unit prices slipped 0.2 percent, data released by CoreLogic showed.
In addition, business investment in South Australia has been lacklustre in recent years. The size of the declines in business investment in South Australia has, however, been less dramatic than in some of the resource States.
Meanwhile, the labor market in South Australia has picked up over the year. Employment rose by 1.8 percent in the year to September 2016. This is above growth in employment nationally of 1.4 percent over the same period.
