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Why Australia (& Canada, Korea, China and others) can't avoid a recession

ProfSteveKeen  ( Original )
AUG 1, 2016

Published on Jul 29, 2016

Australia and South Korea were the only OECD nations to avoid a recession at the time of the Global Financial Crisis in 2008. I argue that they and several other countries--including China and Canada--face a recession in the near future, because the way they avoided the GFC was by continuing to borrow their way to prosperity.