Wednesday, 7 September 2016

25 years of growth

Yesterday was the 25th year of not having a recession. This is a remarkable achievement. It would not be happening if not for the highly successful stimulus the ALP Government had to counter the GFC.

We will probably best the Netherland's record next year.

We now have a substantial part of the population who have never experienced a recession.

In one of lifes great ironies it was only because of the public sector that GDP rose. State governments are spending on infrastructure quite a bit. We need it.