Posts Tagged Australia recession
According to The Age, unlike the economies of almost the rest of the World, the Australian Economy is actually doing reasonably well. In fact, the Australian economy grew in the March quarter.
This does not mean that Australia has been completely unaffected by the recession elsewhere in the World – it is true, for example, that there has been a rise in unemployment. But the state of the economy prior to the economic downturn means that Australia is well cushioned as it waits out the economic downturn.