1089. Australia's economic growth slows down in second quarter, say economists. Annual economic growth in Australia has begun to slow as demand for natural resources slows around the world. Decreased growth in key developing countries such as China and India has taken its toll on the Australian economy, which is heavily based on the mining sector. Similarly commodity prices such as iron ore have also fallen in recent months, negatively effecting Australian mining company profits. A knock on effect of this is decreased investment in the Australian mining sector, hurting investment in the country. It is believed that this decline in demand for natural resources will continue throughout the year, and Australian economic growth is not likely to increase for some time.

Which one of the following statements is not correct?

1090. What is the reason behind the traditional red, white and green of the Christmas period? A professor at Cambridge University has set out to question the popular idea that the Cictorians are to thank for the colour coding of the festive season. The research, which began in 2009, looks at the possible influence of medieval wooden art and the traditional decorations that can still be found in churches today.

According to popular belief, why do we associate red, white and green with the festive period?

1091. The price of gold has increased by almost thirty-five percent across the globe across the globe over the last year. As a result, previously abandoned gold mines, which were once seen as financially unviable, have been reopened. An example of this can be seen at the southern Indian state of Karnataka, where companies are re-opening gold mines as even low grade ore becomes valuable. India is currently the largest consumer of gold globally, however, the majority of this demand is currently met by import. Commentators question whether this trend will continue as more and more abandoned mines are re-opened.

Which of the following statements is definitely correct?

1092. The outlook for Ireland's economy looked bleak at the end of 2011, as the Central Statistics Office (CSO) announced that the nation's economy had shrunk by three percent. Economists suggest that this is the result of the Irish government's austerity measures, which have knocked consumer confidence and reduced spending. Not all parts of the Irish economy have suffered, however, as agricultural exports are up by ten percent. The worst affected industry is that of construction, which recorded a record drop of twenty-five percent.

What part of the Irish economy is worst hit?

1093. The International Monetary Fund (IMF) has announced plans to give the Republic of Ireland a further loan of four billion pounds over the next three years. This announcement comes as the Irish economy shows signs of stabilizing after new spending cuts were recently implemented. In addition to spending cuts, a rise in tax has also been announced. This would take the level of tax in the Republic of Ireland to twenty nine percent, forcing some members of the Dali (Irish Parliament) to voice concerns that shoppers will go to the North instead. A cut in the number of public service workers is also expected.

Which of the following statements is definitely correct?

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