The Australian economy and the global downturn, Part 1: Reasons for resilience

Tony McDonald and Steven Morling
Additional contact information
Steven Morling: Treasury, Government of Australia

Economic Roundup, 2011, issue 2, 1-31

Abstract: The Global Financial Crisis was followed by the deepest recession in the world economy since World War II. The Australian economy slowed, but did not fall into recession, performing better during this period than most other advanced economies on nearly all relevant indicators. This article documents the financial and economic developments during that episode and examines a range of factors that have been put forward for the relatively strong performance of the Australian economy.

Keywords: business cycle; general outlook (search for similar items in EconPapers)
JEL-codes: E32 E60 (search for similar items in EconPapers)
Date: 2011
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (7)

Downloads: (external link)
http://www.treasury.gov.au/~/media/Treasury/Public ... art1_Resilience.ashx (application/pdf)
http://www.treasury.gov.au/PublicationsAndMedia/Pu ... asons-for-resilience (text/html)

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:tsy:journl:journl_tsy_er_2011_2_1

Access Statistics for this article

More articles in Economic Roundup from The Treasury, Australian Government Contact information at EDIRC.
Bibliographic data for series maintained by The Treasury (Commonwealth of Australia) ().