Australia is Still Reeling from 2008 Financial Crisis

Discussion in 'Markets & Economies' started by willrocks, May 4, 2018.

  1. willrocks

    willrocks Well-Known Member Silver Stacker

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    While chatting about Australia's current economic situation I mentioned to a few friends that the Australian economy still hasn't recovered from the last financial crisis. They looked at me with a confused look and said something like "that was 10 years ago, we've recovered since then". I rattle off a few stats about debt levels ... etc. But they still don't get it.

    I came across this graph clearly showing that not only hasn't there been any recovery, but things are only getting worse.

    [​IMG]
    (https://www.smh.com.au/politics/fed...en-of-budget-repair-task-20180504-p4zdfm.html)
     
    bordsilver and mmm....shiney! like this.

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