By Federico Tessore – Investor Passport (Argentina) –
Would you believe that there’s a country out there that’s had a quarter century of
It’s pretty strange, since countries tend to have depressions and recessions, but nevertheless, it’s true.
I’m talking about Australia.
The chart below shows Australia’s economic growth since 1980.
As you can see, its GDP has tripled in 25 years.
The Australian economy has gone from 551 billion Australian dollars to 1.6 trillion Australian dollars (a little more than US$2 trillion).
Now, the big question is: how did they do it? How’d they manage something that’s almost
impossible for the majority of other countries?