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Since the global financial crisis of 2008 to 2009, the U.S. economy has chalked up nine years of solid growth. That’s 36 consecutive quarters of GDP moving in the right direction, which amounts to the second-longest run in U.S. history. If the growth continues for just one more year, it will unseat the boom of 1990s to become the longest.

That’s impressive. But if you’re looking for a developed country that seems to be entirely recession-proof, go to Australia. Australia has enjoyed 27 years of uninterrupted growth since its last recession—108 consecutive quarters of economic expansion and counting.

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The full text of this article is available online at:

https://foreignpolicy.com/2018/10/03/australia-the-worlds-first-immigration-economy/

Salvatore Babones

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