View mobile site
Posted: September 07, 2016
People under 25 in Australia have never experienced a recession.
>> Read more trending stories
The country just released data showing its economy hasn't experienced two straight quarters of negative growth since 1991.
Twenty-five years without a recession is signicant. Within that time frame, Europe's been battling its worst economic crisis since the Great Depression.
The U.S. had two to three economic downturns during that same time period, including the Great Recession.
Australia has China to thank. The Asian country has, until recently, drawn very heavily on Australia's natural resources.
Australia's mining industry may be hurting now, but booms in the housing construction industry have picked up the slack to help the economy grow.
Government investment –– like defense spending –– has also been a reason for the country's recent economic success.
Australia's economy has grown for 100 straight quarters. If it continues the streak for one more year, it'll take the record from the Netherlands.
Predict which teams will win each bowl game and you could win a brand new Weber Gas Grille or many other prizes!
Sign up below to be added to our mailing list for the latest news, updates, access to exclusive contents, and more!
Take www.k99online.com everywhere you go! Download your app below from the
Google Play Store or Apple App Store:
Enable our Skill today to listen live at home on your Alexa Devices!
Learn about careers at Cox Media Group
Portions of Content Provided by Rovi Corporation. © 2018 Rovi Corporation