Australia's Good Times Are Coming to an End
Overview/Summary of Article:
- Basically Australia's going towards theworld record for the longest continuous period of economic growth, currently held by the Dutch at 103 quarters of consecutive growth.
- So far Australia has racked up 94 straight quarters without a recession.
- based on an analysis, the believe that the end of cheap money which will ultimately see Australia’s expansion end
- "As such with marginal funding costs rising, the Aussie housing boom, the last key area of strength in the economy, should then turn to bust."
Economic Connections
- Australia's economy is balancing well
- Therefore leading them to not hit a recession for about 94 quarters
- It is predicted that the decrease of the value of money could lead to a recession in Australia