March 18, 2009

WHICH IS HOW YOU AVOID THE RECESSION:

Growing up: Australia population hits 21.5 million (David Uren and Nicolas Perpitch, March 19, 2009, The Australian)

The growth rate of 1.84 per cent was the highest since 1970, after which advances in birth control and lower migration sent population growth plunging, dropping below 1 per cent for most of the following 30 years.

Although both birth and immigration rates can decline with a recession, the rapid population growth of recent years is expected to soften the impact of the global downturn.

"The faster rate of population growth means that the economy can grow at a faster pace," Commsec chief economist Craig James said. "More people in Australia means greater demands for houses, roads, schools, hospitals and a raft of retail goods, and as such is providing much needed stimulus in trying times for the global economy."


It's easier for the House GOP to blame subprime borrowers than to face the effects of their own nativism.

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Posted by Orrin Judd at March 18, 2009 9:29 AM
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