Lessons for Australia from the GFC

While Australia came out of the GFC relatively unscathed, a hollowed-out non-resources sector and long-term youth unemployment could precipitate a slowdown of our own making.

The nasty reality of the global financial crisis is that it continues to affect employment and growth across the globe. Australia escaped the crisis relatively unscathed but recent research has some important implications for our non-mining sector as the Reserve Bank of Australia tries to facilitate a rebalancing of our economy away from the resources sector.

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