Australia's biggest economic threat isn't home-grown. It's a recession, originating in the United States - The Conversation Australia & New Zealand


5/31/2022 12:00:00 AM2 years 11 months ago
by Peter Martin

New treasurer Jim Chalmers was part of Australia’s successful effort to avoid the last US-led “great recession” in 2008. He may need to draw on those lessons sooner than we’d like.

A recession in the US usually brings on a recession in the rest of the world, although not always in Australia. Australia has escaped such a re recession twice in the past 50 years. We avoided the… [+5005 chars]

full article...