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Australia is far from recession, but a global recession is as matter of time. The only way that the economy "grows" indefinitely is if it regularly dips, and t
by omeid2 7y ago
Australia is far from recession, but a global recession is as matter of time.
The only way that the economy "grows" indefinitely is if it regularly dips, and that is exactly how it has been working since WWII, with dips/recessions at 1975, 1982, 1991 and 2009.
- taneq 7y agoOnly because the global commodities market picked up at just the right time. Just like we rode out the GFC pretty well, coincidentally saved by the last mining boom (although to be fair, the stimulus spending at that point did also work pretty well). It's surreal watching our major parties both trying to claim credit for the global economic climate.
- omeid2 7y agoThe major parties jump to grasping any straw. Why are you surprised!