"The Australian economy is resilient, but business and consumer confidence is fragile"

This quote by Julie Bishop recommends that the Australian economic climate is strong and also able to hold up against economic shocks, however that the confidence of services and also consumers is extra vulnerable. This indicates that while the economy might have the ability to hold up against exterior stress, the confidence of organizations as well as consumers is a lot more quickly affected by exterior aspects. This might be due to the reality that organizations and consumers are most likely to be influenced by changes in the economic atmosphere, such as adjustments in interest rates, currency exchange rate, as well as various other financial indicators. This could bring about a decrease in consumer spending as well as financial investment, which could have an adverse effect on the economic climate. Therefore, it is necessary for the federal government to take measures to make certain that services as well as consumers stay positive in the economy, in order to ensure that the economy remains durable.