{"id":18539,"date":"2016-03-07T07:06:58","date_gmt":"2016-03-07T06:06:58","guid":{"rendered":"https:\/\/naider.com\/naiderlab\/australia-25-anos-sin-entrar-en-recesion\/"},"modified":"2023-04-24T13:36:37","modified_gmt":"2023-04-24T11:36:37","slug":"australia-25-years-without-going-into-recession","status":"publish","type":"naiderlab","link":"https:\/\/naider.com\/en\/naiderlab\/knowledge\/articles\/australia-25-years-without-going-into-recession\/","title":{"rendered":"Australia: 25 years without going into recession"},"content":{"rendered":"<h3><img loading=\"lazy\" decoding=\"async\" class=\"alignleft size-full wp-image-12038\" src=\"https:\/\/naider.com\/wp-content\/uploads\/2016\/03\/Australia-25-years-fotopost.png\" alt =\"Australia 25 years photopost\" width=\"975\" height=\"823\" \/><\/h3>\n<h3>Australia has gone 98 quarters in a row without entering a recession. Or what is the same, 24.5 continuous years without there being two consecutive quarters with negative growth. The <a href=\"http:\/\/www.abs.gov.au\/ausstats\/abs@.nsf\/mediareleasesbyCatalogue\/C9973AC780DDFD3FCA257F690011045C?Opendocument\" rel=\"nofollow noopener\" target=\"_blank\">Australian Institute for Statistics <\/a> announced on March 1 that the oceanic country it grew 0.6% in the last quarter; the last time it was in a recession was in 1991.<\/h3>\n<h3>Continued &#8220;record&#8221; growth in the developed world is attributed by outlets such as <em><a href=\"http:\/\/www.businessinsider.com.au\/chart-australia-has-now-gone-24 -5-years-without-a-recession-heres-what-that-looks-like-2016-3\" rel=\"nofollow noopener\" target=\"_blank\">Business Insider<\/a><\/em> to the Netherlands, with 103 consecutive quarters without a recession. In the Dutch case, the streak was cut short by the financial crisis in 2008. How has the Australian economy continued to grow in recent years?<\/h3>\n<h3>Australia maintains very good trade relations with China due to its natural resources and its geographical proximity. As noted <em><a href=\"http:\/\/www.smh.com.au\/business\/the-economy\/chinas-hard-landing-could-spark-australian-recession-oxford-economics-says-20160216 -gmvzkg.html\" rel=\"nofollow noopener\" target=\"_blank\">Oxford<\/a><\/em><a href=\"http:\/\/www.smh.com.au\/business\/the-economy\/chinas-hard-landing-could-spark-australian- recession-oxford-economics-says-20160216-gmvzkg.html\" rel=\"nofollow noopener\" target=\"_blank\"> Economics<\/a>, China accounts for a third of Australia&#8217;s merchandise exports. So far, the Chinese slowdown has not pushed the oceanic country into recession, but if the Asian giant&#8217;s economy continues to weaken, Australia looks vulnerable.<\/h3>\n","protected":false},"excerpt":{"rendered":"<p>Australia has gone 98 quarters in a row without entering a recession. Or what is the same, 24.5 continuous years without there being two consecutive quarters with negative growth. The Australian Institute for Statistics announced on March 1 that the oceanic country it grew 0.6% in the last quarter; the last time it was in&#8230;<\/p>\n","protected":false},"author":1,"featured_media":12040,"template":"","meta":{"_kad_blocks_custom_css":"","_kad_blocks_head_custom_js":"","_kad_blocks_body_custom_js":"","_kad_blocks_footer_custom_js":"","_kad_post_transparent":"","_kad_post_title":"","_kad_post_layout":"","_kad_post_sidebar_id":"","_kad_post_content_style":"","_kad_post_vertical_padding":"","_kad_post_feature":"","_kad_post_feature_position":"","_kad_post_header":false,"_kad_post_footer":false,"_kad_post_classname":""},"hashtag-lab":[2066],"naiderlab_tag":[150],"naiderlab_category":[51],"ppma_author":[198],"class_list":["post-18539","naiderlab","type-naiderlab","status-publish","has-post-thumbnail","hentry","hashtag-lab-global-economy","naiderlab_tag-economic-analysis-and-competitiveness","naiderlab_category-articles"],"taxonomy_info":{"hashtag-lab":[{"value":2066,"label":"Global economy"}],"naiderlab_tag":[{"value":150,"label":"Economic analysis and competitiveness"}],"naiderlab_category":[{"value":51,"label":"Articles"}]},"featured_image_src_large":["https:\/\/naider.com\/wp-content\/uploads\/2022\/12\/Captura-de-pantalla-2014-08-06-a-las-09.10.44.png",625,309,false],"author_info":{"display_name":"Naider","author_link":"https:\/\/naider.com\/en\/author\/sirope-naid3r\/"},"comment_info":"","_links":{"self":[{"href":"https:\/\/naider.com\/en\/wp-json\/wp\/v2\/naiderlab\/18539","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/naider.com\/en\/wp-json\/wp\/v2\/naiderlab"}],"about":[{"href":"https:\/\/naider.com\/en\/wp-json\/wp\/v2\/types\/naiderlab"}],"author":[{"embeddable":true,"href":"https:\/\/naider.com\/en\/wp-json\/wp\/v2\/users\/1"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/naider.com\/en\/wp-json\/wp\/v2\/media\/12040"}],"wp:attachment":[{"href":"https:\/\/naider.com\/en\/wp-json\/wp\/v2\/media?parent=18539"}],"wp:term":[{"taxonomy":"hashtag-lab","embeddable":true,"href":"https:\/\/naider.com\/en\/wp-json\/wp\/v2\/hashtag-lab?post=18539"},{"taxonomy":"naiderlab_tag","embeddable":true,"href":"https:\/\/naider.com\/en\/wp-json\/wp\/v2\/naiderlab_tag?post=18539"},{"taxonomy":"naiderlab_category","embeddable":true,"href":"https:\/\/naider.com\/en\/wp-json\/wp\/v2\/naiderlab_category?post=18539"},{"taxonomy":"author","embeddable":true,"href":"https:\/\/naider.com\/en\/wp-json\/wp\/v2\/ppma_author?post=18539"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}