Australia Tries to Keep Economic Expansion Streak of 28 Years Alive

Australia Tries to Keep Economic Expansion Streak of 28 Years Alive

Assessment

Interactive Video

Business

University

Hard

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The transcript discusses Australia's economic journey from past contractions to a record 28 years of growth. However, current challenges such as declining home prices, a falling Australian dollar, and the US-China trade war threaten this streak. The recent election win by Scott Morrison's government may offer hope through potential tax cuts and housing industry support.

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2 questions

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1.

OPEN ENDED QUESTION

3 mins • 1 pt

What is the significance of the 28 years of continuous expansion mentioned in the text?

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2.

OPEN ENDED QUESTION

3 mins • 1 pt

What potential measures could Scott Morrison's government take to support the housing industry?

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