Recession is a technical term, maybe I should have said that rather then crisis. There was no recession. The problem with the 'its all resources' is that count

Recession is a technical term, maybe I should have said that rather then crisis. There was no recession. The problem with the 'its all resources' is that countries that do have natural resources got hit by the depression as well. Also, if the NGDP of Australia had dropped, there is absolutely no way Australia could have avoid a recession.