FaRmLaNd on 08 September 2010
To be fair, Australia didn't go into recession and our banking system didn't go kaput during the gfc. Furthermore our government had no debt before the recessions and will be out of it within a few years thanks to the huge revenues that our mining industry is generating (we're going through a mining boom atm).
Though our economy is a two speed one, with the rest of our industries not doing anywhere nearly as well as mining and other natural resource based industries. But then again most countries have significant ecenomic issues at this point in time.
