Unlike most other developed nations, Australia’s economy kept growing in the aftermath of the 2008 global downturn, notching up 21 years of uninterrupted economic growth, helped more recently with a mining boom fuelled by Chinese demand.

The robust headline financials – GDP growth of around 3 per cent, inflation 2.5 per cent, interest rates 6 per cent and unemployment 5.5 per cent – unfortunately only tell half the story.

 

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