Move to Australia and avoid the recession

August 12 2009 by Matt Jones

Move to Australia and skip the recesssion

Australia is predicted to be one of the more fortunate countries and will avoid sinking into the recession, unlike the rst of the world.

Australian immigration has had a part to play in its countries ability to dodge the recession.

$22billion of government investment has gone into building new roads, railways and schools across the country.

Immigrants that have made the move to Australia are part of the cause for an increase in demand for this infrastructure. The housing industry has also benefitted, with immigrants helping to keep the house prises up.

After shrinking 0.6% the Australian economy bounced back with an overall growth of 0.4% last quarter.

Leading economist Richard Robinson says: “Positive net exports, a turnaround in the stock cycle, housing construction and government spending will combine to prevent a contraction in the economy. However, I wouldn’t rule out another negative quarter of growth occurring at some stage.”

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