For many decades, Australia was known as the “lucky country”. Its long period of uninterrupted growth stretching back to the 1990s was a rarity among advanced economies. Yet even before the Covid-19 pandemic erupted, Australia’s luck was running out amid stagnant productivity, a housing affordability crisis and the slowdown in China’s economy.
Another developed country that has had luck on its side is Japan. Having endured more than three “lost decades” in a prolonged struggle against deflation,...
Analysis & Context
For many decades, Australia was known as the “lucky country”. Its long period of uninterrupted growth stretching back to the 1990s was a rarity among advanced economies. Yet even before the Covid-19 pandemic erupted, Australia’s luck was running out amid stagnant productivity, a housing affordability crisis and the slowdown in China’s economy.
Another developed country that has had luck on its side is Japan. Having endured more than three “lost decades” in a prolonged struggle against deflation,... This article provides comprehensive coverage and analysis of current events.
For many decades, Australia was known as the “lucky country”. Its long period of uninterrupted growth stretching back to the 1990s was a rarity among advanced economies. Yet even before the Covid-19 pandemic erupted, Australia’s luck was running out amid stagnant productivity, a housing affordability crisis and the slowdown in China’s economy.
Another developed country that has had luck on its side is Japan. Having endured more than three “lost decades” in a prolonged struggle against deflation,...
