Economics
Fallen Icons Down Under Defy Fastest Developed World Growth
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For 117 years, Australians poured Rosella tomato sauce on their meat pies as the company endured world wars, the Great Depression and an end to tariff protection.
What Rosella -- and 86-year-old chocolate maker and retailer Darrell Lea -- couldn’t navigate is the country’s 3 percent growth rate, which has helped drive the nation’s dollar 60 percent higher in the past four years, making some Australian products less competitive at home and abroad.