Taking Stock 

Dual distinction for Oz

Taking Stock

Dual distinction for Oz

A recent article published by Bloomberg journalist Adam Haigh revealed that only one major Asian stock market has contracted over the past decade – Australia. This appears counter-intuitive considering the wider economy has grown in every quarter since 1991; some achievement given the events of the financial crisis. Not that Australians are overly competitive, but the nation now has the record for the world's longest spell without recession, trumping the Netherlands' 26.5-year stint to 2008. It’s probably not on a par with taking the America’s Cup off the New York Yacht Club for the first time in 132 years, or even Don Bradman scoring 309 runs in one day at Headingley, but the Aussies will take it.

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