Thursday, August 4, 2011

Australia's Economic Performance Compared

I'm currently finishing an article about Australia's structural economic changes and what has struck me when researching things is just how well Australia has been doing compared to most other developed countries.

This graph from the Bank for International Settlements provides a pretty good indication. It also shows just how well China has done.

Now none of this doesn't mean that Australia isn't going through some difficult structural changes or that it's vulnerable to events in the global economy, but better to be dealing with the perils of prosperity than the aches of austerity.

No comments:

Post a Comment

Please be civil ...