Australia's two-speed economy is back

Photo: Getty/Rusty Jarrett

Treasury Economic Roundup, Issue 3, 2008:

The resources boom has prompted much discussion of Australia having become a two-speed economy. There are concerns that the gains from the boom accrue largely to mining-related sectors and the states where these are concentrated, while the rest of the country is being hit by higher interest and exchange rates as a result of the boom.

ANZ Economic Insight, States and Territories Chartpack, today:

The two-speed economy is back, but it’s a mirror image of its previous self, just seven years later.

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