Australia's economic growth cycle is the longest on record, but it's not the best we've seen. Over the past 25 years, the economy has grown 123 per cent. Measured as GDP per capita, living standards have risen 61 per cent. But we've done better. In the 25 years following the end of World War II, the economy grew 230 per cent. Living standards rose 157 per cent. In an odd way, it is reassuring to know we can – and have – done better.
Read Full Article »
