The Australian and US economies are not chalk and cheese. They are both suffering the same inflation spike, the same fallout from the credit crunch, the same low levels of unemployment, and while the preliminary figure for US first quarter GDP growth is 0.6%, Australia’s is 0.8%.
(The 2nd graph in the article looks very familiar 🙂 )
» A Rise Too Far? – FN Arena News – 4th March 2008.