Australia’s 27-Year Economic Expansion

(p. A2) Australia is experiencing an amazing economic run—a 27-year expansion that survived a regional economic crisis in the 1990s, a global economic crisis in the 2000s, and a boom-boost cycle in its core commodity sector in the 2010s.

Its experience offers lessons for the U.S. and the rest of the world. Among them, the laws of economics don’t dictate that expansions run on preset timetables. Wise policy-making, and some good luck, carried Australia’s expansion into the record books.

For the full commentary, see:

James Glynn. “THE OUTLOOK; Keeping an Economic Boom Going.” The Wall Street Journal (Monday, July 16, 2018): A2.

(Note: the online version of the commentary has the date July 15, 2018, and has the title “THE OUTLOOK; How an Economic Boom Can Run Out the Clock.”)

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