Australia has enjoyed a record 17 consecutive years of economic growth, with an annualized average of 3.5 percent, largely as a result of rising mineral exports and high commodity prices, both substantially fueled by the rapid expansion of Chinese capitalism.
While these industries continue to boom, economists are warning the country is not immune to the recessions in the United States, Japan, New Zealand and large parts of Europe, some of Australia’s leading trading partners.
So far, the downturns overseas have had little or no effect on Australia’s seafood businesses, and while they still could over time, it is wise to take a step back and look at the country’s attributes and prevailing trends before consigning it to the evergrowing list of potential strugglers.
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