The next crisis will test the lucky country

No amount of solid economic management could have saved the economy from recession if it wasn't for demand from China. Australia may not be so fortunate when the next shock hits.

It’s been seven years since the onset of the global financial crisis and five and a half years since the collapse of Lehman Brothers brought the world’s financial markets to the brink of ruin. How exactly did Australia avoid a collapse that captured most of the developed world? It was likely a mixture of good luck and good management.


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