Via Bloomie:
Australia’s almost three-decade expansion — a developed-world record — has largely depended on four key factors that economist Saul Eslake says are unlikely to remain completely intact in a post-Covid-19 world.
- Population growth, underpinned by immigration
- A “peculiar relationship” with China
- The housing boom and the debt run up along with it
- Good economic policy, at least by comparison with most other advanced economies
