Much can be said about the how and why of Australia avoiding a post GFC recession. But the government that navigated our journey through that calamity is not the government we have today. And today’s government does not share the economic fundamentals the previous government employed to achieve that result.
There
is strong support to suggest that Australia’s hosting of the G20 in November this year is not going to bode well for Tony Abbott. One suspects that our reputation in two key areas, that of economic management and climate change, will take a hit. When the finance ministers of the world’s richest countries together with the European Union and the IMF gather to discuss future plans, we are going to look very odd indeed. The central themes established by the government to host the summit will be growth and a more resilient world economic platform dedicated to preventing the circumstances that could lead to another GFC. Intrinsic to these themes and as unavoidable as a giraffe in my kitchen, is the question of climate change.
Much can be said about the how and why of Australia avoiding a post GFC recession. But the government that navigated our journey through…
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