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When American and Europe¡¯s economy is in slowdown, the Australian economy is still doing well. However, Tom Skotnicki, in his article ¡°Sars and strife¡± which was in the journal of Business Review Weekly on May 1-7 2003, reminds that Australian should be aware of the potential economy crisis and prepare for it because of the external adverse economic condition would bring profound negative influence to Australian business. The author uses many data, evidences and experts¡¯ opinions to support his argument, and analyzes the reasons objectively. Thus, this article is quite worth reading. In the first part of this article, Skotnicki claims that a possible economic crisis might come and the Australian economy would be overwhelmed at this time without preparation. Although the Australian economy survived from the Asian economic crisis in 1997-98 and the global slowdown in 2001, it will face more challenges which come from the outside such as menace of Sars, depression in America and Europe, the political problem on the Korean Peninsula and the global instable oil price. Moreover, it becomes a barrier of the Australian exports that the Australian dollar maintains a high exchange rate. In the other part, Skotnicki quotes several other economists¡¯ opinions who are the experts in this field.
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