Why Australia's in good shape
Commsec's Craig James has five reasons that prove we're weathering the financial storm.
We also want your tips for improving Australia's mindset.
How do you think we can boost Australia's economic confidence? Tell us in the comments area below...
Here are some ideas in our Twitter conversation at #Sun7
UNEMPLOYMENT RATES
By comparison, Australia is doing very well when it comes to jobless rates...South Africa 25.0
Spain 21.0
Greece 15.8
France 9.7
US 9.1
Italy 8.0
Britain 7.7
Canada 7.2
Germany 7.0
New Zealand 6.5
China 6.1
Australia 5.1
Japan 4.6
Switzerland 3.
ECONOMY
While our growth may have slowed… We have been recession-free for the past 20 years!
LOW DEBT
Government debt will rise modestly…But Australian debt is lowest amongst the majors!
WE HAVE CHINA
China is the biggest buyer of our goods …And it is on track to become biggest economy.
WEALTH
You may not believe it …but wealth (our homes, shares etc) is at record highs.
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