The developed world’s longest ongoing economic expansion is approaching its expiration date. Australia’s 28-year growth streak survived a regional economic crisis in the 1990s, global economic crise in 2000s and boom-bust cycle in its core commodity sector in 2010s. Now, recession looms after the economy contracted in first three months of the year, as catastrophic bush fires & restrictions to slow the spread of new coronavirus took a heavy toll.
Read more at WSJ…