, Columnist
Australia’s Long Economic Run Is Flagging
Canberra expected the rise of China and the retreat of the U.S. Just not quite so soon.
Sure, Australia has lots to celebrate. But you know what pride goeth before….
Photographer: Mark Kolbe/Getty Images
This article is for subscribers only.
The golden age of Australian economic growth may have passed.
Continuing a run of over 25 years, the expansion most likely clocked another quarter of gains in gross domestic product in the three months to June 30. But that run looks tired, and the weight of many challenges has accumulated.