Competency Bar and Australia

week: And given this week Tony Abbott advised the Brits to just give the EU a take it or leave it offer, many in Britain could well be forgiven for wondering just how did Australia manage to not be in an economic mire given the competency bar for leadership in this country appears to be so low, according to The Guardian. If we look over the past decade, Australia's GDP per capita not that I would suggest GDP tells all there is to be said about an economy has grown by 10.2% compared to the UK's meagre 3.9%. Whereas Australia over the past 10 years comes in 7th among OECD nations for per capita real growth, the UK comes 20th. Is it a case that Australians have become the grumpy ones who can't see how good we have it, or is it time to end stories about the Australian economic miracle It's not all that surprising really to have a magazine based in London as it experiences the absurd hit on its economy from the Brexit idiocy look wistfully to Australia. ACTU rallies estimated 150,000 workers march for 'better deal' on pay Read more And yet digging deeper something which our economy certainly is reliant upon doing the picture of Australia as this wonderfully performing economy looks like it was written about five years ago rather than in 2018. While our per capita economy grew 1.6%, the UK's fell 5.8%. So well done us great stimulus, some good fortune from China's own stimulus, not to mention a much better banking system than in the USA and UK. But here is the dirty secret since the end of the GFC, Australia has been far from an economic powerhouse. Most of the reason for our good relative performance over the past decade is due to how well we did during the GFC. In the three years from the last quarter of 2007 to December 2010 Australia was one of only six nations in the OECD not to see their GDP per capita go backwards. (news.financializer.com). As reported in the news.