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is likely to be protected to some extent by the fact that it sits on loads of (increasingly valuable) commodities.

OTOH, it might be the first to suffer from the consequences of global climate change, wirh a continent that was never very hospitable to start with suddenly becoming even more hostile.

In the long run, we're all dead. John Maynard Keynes

by Jerome a Paris (etg@eurotrib.com) on Thu Aug 9th, 2007 at 04:11:16 AM EST
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at this moment the main problem in Australia is to slow down the economy, the interet rates just increased again yesterday.

The immigration and strenght of the economy make any recession quite unlikely, especially if we talk about house prices, there is a affordability crisis and lack a supply.

my state, Queensland, runs at 5% of growth and 3% unemployment (and still dropping).

by fredouil (fredouil@gmailgmailgmail.com) on Thu Aug 9th, 2007 at 05:03:33 AM EST
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