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The Australian economy and the global downturn, Part 2: The key quarters

Author

Listed:
  • Tony McDonald

    (Treasury, Government of Australia)

  • Steven Morling

    (Treasury, Government of Australia)

Abstract

The Australian economy performed better than most other advanced economies during the global economic downturn that followed the Global Financial Crisis. This paper looks back at the two key consecutive periods during this episode - the period of global contraction and the early period of global recovery - providing detailed information about how the economy evolved during this episode and drawing inferences from the data about what factors might have been behind the economy's resilience.

Suggested Citation

  • Tony McDonald & Steven Morling, 2011. "The Australian economy and the global downturn, Part 2: The key quarters," Economic Roundup, The Treasury, Australian Government, issue 2, pages 33-60, September.
  • Handle: RePEc:tsy:journl:journl_tsy_er_2011_2_2
    as

    Download full text from publisher

    File URL: http://www.treasury.gov.au/~/media/Treasury/Publications%20and%20Media/Publications/2011/Economic%20roundup%20issue%202/Downloads/02_Part2_keyquarters.ashx
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    File URL: http://www.treasury.gov.au/PublicationsAndMedia/Publications/2011/Economic-Roundup-Issue-2/Report/The-Australian-economy-and-the-global-downturn-Part-2-The-key-quarters
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    Citations

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    Cited by:

    1. Gregory, Robert G., 2012. "Living standards, terms of trade and foreign ownership: reflections on the Australian mining boom," Australian Journal of Agricultural and Resource Economics, Australian Agricultural and Resource Economics Society, vol. 56(2), June.
    2. repec:spr:soinre:v:132:y:2017:i:3:d:10.1007_s11205-016-1337-y is not listed on IDEAS
    3. Owen Freestone & Danial Gaudry & Anthony Obeyesekere & Matthew Sedgwick, 2011. "The rise in household saving and its implications for the Australian economy," Economic Roundup, The Treasury, Australian Government, issue 2, pages 61-79, September.
    4. Tony McDonald & Steven Morling, 2011. "The Australian economy and the global downturn, Part 1: Reasons for resilience," Economic Roundup, The Treasury, Australian Government, issue 2, pages 1-31, September.

    More about this item

    Keywords

    business cycle; general outlook;

    JEL classification:

    • E60 - Macroeconomics and Monetary Economics - - Macroeconomic Policy, Macroeconomic Aspects of Public Finance, and General Outlook - - - General
    • E32 - Macroeconomics and Monetary Economics - - Prices, Business Fluctuations, and Cycles - - - Business Fluctuations; Cycles

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