The Reserve Bank of Australia (RBA) has an interesting tool that enables one to compare key indicators of the Australian economy at one point in time compared to another.
Out of interest I decided to compare the Australian economy immediately prior to the Global Financial Crisis (GFC) in September 2008 against the economy immediately prior to the COVID-19 recession (March 2020).
Below is a summary of these results, together with commentary. On the left side is data as at September 2008 and on the right is data as at March 2020.
