On Thu, November 6, 2014 12:25 pm, Michael Scott wrote:
The coalition left the Labor government in a position in which it could avoid a recession. The recession hasn't yet been avoided.
A recession is usually defined as two consecutive quarters of negative real GDP growth. Australia was one of the very few countries in the world, and I believe the only one in the OECD, that did not suffer a recession. This is generally attributable to our financial stability and fiscal stimulus, despite being an export orientated economy. http://www.treasury.gov.au/PublicationsAndMedia/Publications/2011/Economic-R... -- Lev Lafayette, BA (Hons), GradCertTerAdEd (Murdoch), GradCertPM, MBA (Tech Mngmnt) (Chifley) mobile: 0432 255 208 RFC 1855 Netiquette Guidelines http://www.ietf.org/rfc/rfc1855.txt