MercoPress. South Atlantic News Agency
Resource-rich Australia has reached a 25-year streak without recession
Australia's economy has jumped sharply in the last quarter of 2016, allowing the resource-rich economy to extend its 25-year streak without recession. It brings the country close to breaking the Netherlands' record of modern-era uninterrupted economic growth. Read full article
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Disclaimer & comment rulesGreat country, great people, good luck to Oz, may it long continue…
Mar 01st, 2017 - 05:04 pm - Link - Report abuse 0Yay for Australia...we'd have a lack of bar staff and baristas without them...
Mar 01st, 2017 - 06:42 pm - Link - Report abuse +1HOW CAN THIS BE POSSIBLE !
Mar 01st, 2017 - 08:34 pm - Link - Report abuse 0They are an ex-British colony and must be tainted. Only Latino colonies can be successful.
So are Jamaica, Zimbabwe, Kenya, India, Belize, Guyana, Egypt, etc... how successful are they? lol
Mar 02nd, 2017 - 02:28 pm - Link - Report abuse 0Australia's numbers are completely cooked, no one believes them not even Australians. I read their forums and see that most Australians actually struggle to make ends meet, even if it is from a high base of material wealth.
Nostrils, you should go there and see what its like. The internet is often a place for malcontents, nutters and whingers just like yourself.
Mar 02nd, 2017 - 05:01 pm - Link - Report abuse 0Kudos to Paul Keating and Peter Costello, our two best Treasurers over the last thirty-five years. The former for - finally - opening up the economy, making it much more flexible, the latter for making sure the banks didn't start a local sub-prime market, the main reason we didn't fall into a recession when so many western countries did, courtesy of the GFC.
Mar 03rd, 2017 - 12:27 am - Link - Report abuse 0Australia may have many problems, but they really do pale in comparison to those in almost all other countries.
Mar 07th, 2017 - 03:13 am - Link - Report abuse 0Even with our current crop of dud leaders, we've managed to ride out the GFC and the end of the resources boom.
Recessions aren't always necessarily a bad thing as they help to reduce imbalances in an economy that build up over time. But there is no recession facing Australia in the short term and we'll probably see out the rest of the decade with continual growth.
The difference, Troll boy IS that Australia is, to use your hackneyed phrase, an ANGLO country.
Mar 07th, 2017 - 09:10 am - Link - Report abuse 0The others, if you cared to observe are NOT !!!!!!!!
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