Recession busters

Blythe, Michael
July 2009
BRW;7/23/2009, Vol. 31 Issue 29, p16
Trade Publication
The article reports that Australia has survived the recession because of its combined good luck and good policy. The Australian production was not highly affected by the fall of Lehman Brothers since much of its spending is on imported items. Meanwhile, Australian policy involves an aggressive monetary response, short-term stimulus measures, and prevents public debt sustainability and conforms closely to experts' suggestions on proper dealing with recession and financial crisis.


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