Former Fairfax economics columnist, Tim Colebatch, has penned an interesting article in Inside Story explaining how Australia’s economy – once the envy of the developed world – is now stuck in the slow lane:
No recession since 1974–75 has done less damage to the Australian economy in the short term. Yet, amazingly, the recession of 2008–09 has knocked the economy off its long-term track more damagingly than any other downturn for more than half a century…
