ST Alpha - "Reagen: I counter your "canada weathered the recession better than any industrialized nation" with australia" (Reading a Post)

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Reagen: I counter your "canada weathered the recession better than any industrialized nation" with australia

Posted by mafic Aug 30 '10, 16:47

technically there was no recession here.

Responses:

how weird, I just researched this last week, after a conversation with one of my sisters. - b. Aug 30, 16:55 4
- It had a lot to do with China's relentless growth as well, and it has a banking system quite similar to Canada's - Roger More Aug 30, 17:12 2
  - yeah, shipping resources to China is what saved Australia. -- nm - mafic Aug 30, 17:16 1
    - I read something about mining being a good contributor. -- nm - b. Aug 30, 17:21
- the stimulus package was ~1% of GDP, which compared to most other western countries is quite modest. - mafic Aug 30, 17:10
Norway -- nm - Danedukenuuk Aug 30, 16:50
I thought they said it was Germany in the article I read a week or two ago. -- nm - the liioulu with Aug 30, 16:48 6
- German real GDP contracted in 2009 by ~3.5%, Australia's grew by ~1.5%. -- nm - mafic Aug 30, 16:55 5
  - They kept most of their jobs. Not sure if the article mentiones the GDP. -- nm - the liioulu with Aug 30, 16:56 2
    - Germany's unemployment rate was pretty high to begin with though -- nm - Roger More Aug 30, 17:12 1
      - That wasn't mentioned. -- nm - the liioulu with Aug 30, 17:26
  - What are the qualifications for this? After all, I bet Monaco's economy never contracted. -- nm - Mop (220 lbs) Aug 30, 16:55 1
    - maybe they have to be bigger than 2 sq. km. -- nm - mafic Aug 30, 17:38

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