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Australia's biggest economic threat isn't home-grown. It's a recession, originating in the United States

  • Written by Peter Martin, Visiting Fellow, Crawford School of Public Policy, Australian National University
Australia's biggest economic threat isn't home-grown. It's a recession, originating in the United StatesMick Tsikas/AAP

A recession in the US usually brings on a recession in the rest of the world, although not always in Australia.

Australia has escaped such a re recession twice in the past 50 years.

We avoided the early-2000s so-called tech-wreck recession, and we avoided the so-called “great recession” during the global financial crisis.

A...

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