returning to where we were is nowhere near good enough
- Written by Ross Garnaut, Professorial Research Fellow in Economics, University of Melbourne
Dmytro Larin/ShutterstockTalk about returning the economy to normal after the crisis is misguided. Before the crisis, normal was nowhere near good enough.
Australia did indeed manage to go 28 years without a commonly-defined recession. But the expansion had three distinct stages.
The first, from the end of the early 1990s recession to the early...







