Quiet boom
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Quiet boom

After fifteen years of uninterrupted growth, Australia's quiet economic boom shows no signs of ending.

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Executive Summary

The longest expansion in Australian history, it has seen wealth more than double, average income increase by half as much again, and unemployment tumble to a rate last experienced more than quarter of a century ago. A Lowy Institute Paper by Dr John Edwards chief economist for HSBC Bank for Australia and New Zealand, takes a close look at this long upswing.

The Paper asks where this quiet boom came from, what its characteristics are, how enduring it may prove to be, how it is changing Australia and Australia's place in the world, what it means for Australians and Australia's place in the world economy, and where it is now headed.

The Paper can be downloaded here.

Areas of expertise: Australian economic policy; monetary policy; international economics; banking