![Australia Hasn’t Had a Recession in 25 Years](/summary-img/28284-IZY9THPS.jpg?h=M&b=0)
Article
Australia Hasn’t Had a Recession in 25 Years
This Is What the Rest of the World Can Learn
World Economic Forum,
2016
Recommendation
Australia’s most recent recession occurred in 1991, predating Bill Clinton’s presidency and Donald Trump’s first bankruptcy. Journalist Matt O’Brien explains why. A major factor behind all this good fortune has been China, with its strong demand for Australia’s rich store of natural resources. But exports to China don’t tell the entire story. There’s another, less obvious reason for Australia’s economic robustness that other nations might want to emulate. getAbstract recommends this brief but illuminating article about how the economy Down Under has managed to avoid going under.
Summary
About the Author
Matt O’Brien is a reporter for The Washington Post.
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