/biz/ - Business & Finance

THIS IS YOUR COUNTRY WITHOUT IMMIGRATION

>>15750956

They argue here that we've avoided a technical recession because of population increases, but on a per capita basis we've had 3 recessions.

One in 2000-2001 (which I believe was true, just look at the AUD around that time).

One in 2005-2006 (this one caught me off guard )

One in 2015-2016 (also true, probably during the Q3, Q4 of 2015 and Q1 of 2016 considering commodity prices).

https://www.stlouisfed.org/on-the-economy/2019/september/australia-28-year-expansion

>This discrepancy between the growth rate of per capita GDP and the growth rate of GDP implies that population growth has been a key factor for Australia’s economic expansion. A rising population increases the size of the economy, and therefore total output increases, which is reflected in the level of GDP.

>However, the fact that we do see economic downturns in per capita terms means that population is growing faster than GDP. For nearly 40 years, Australia has had a higher population growth rate than other industrialized economies, as seen in the figure below.