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The Lucky Country

NPR

It seems like every decade or so, in pretty much every part of the world, there's a recession — like it's just part of the bargain. The economy grows as we get better at making stuff, people spend and companies expand. But at some point the growth slows down, unemployment rises. People don't spend as much money because they're starting to pay down their debt. And there's a downturn.

Not in Australia. The Australians haven't seen a recession in 27 years. Today on The Indicator, we find out what makes them so different.

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Cardiff Garcia is a co-host of NPR's The Indicator from Planet Money podcast, along with Stacey Vanek Smith. He joined NPR in November 2017.
Darian Woods is a co-host of The Indicator from Planet Money.