Australia's Slowdown: A Wake Up Call for a Nation Reluctant to Confront Reality Australia's economic growth has been sluggish for quite some time, and it seems the nation is finally facing up to its long term vulnerabilities.
According to Deloitte Access Economics, the economy will slow sharply in the coming months, with GDP growth expected to slip below 2 percent for two consecutive years – a phenomenon last seen during the early 1990s recession.
The slowdown comes as no surprise given Australia's structural weaknesses. For too long, the nation has relied on strong population growth to mask its underlying productivity performance.