The Wire

Australia is often referred to as the lucky country. At the height of the Global Financial Crisis in 2008, world stock markets fell, large financial institutions collapsed and governments in wealthy nations used rescue packages to bail out their financial systems. Now in the aftermath of the GFC, Australia is seen to have escaped it’s full impacts, coming out relatively unscathed. The Organisation for Economic Co-operation and Development predicts that over the next two years Australia along with Canada, will share the second-highest economic growth among it’s twenty-five rich-country members. So just how is Australia’s economy fairing two years on? Is it as strong as recent debates suggest it is?