Cabinet papers 1990: lessons from the recession we didn’t have to have
- Written by The Conversation
Even in the midst of the economic downturn Keating was keen to defend the surplus.Dave Hunt/AAPAustralia’s last formal recession ended in the September quarter of 1991. Once it sunk in that this was a serious economic downturn, treasurer Paul Keating famously referred to it as “the recession Australia had to have”. This narrative...
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