Try as you may, you won't find anyone to say anything uncomplimentary about the Australian economy. Politicians of all stripes, officials, businessmen, bankers, academics—every one of them will tell you the economy is in tip-top form. And not just Australians, either. The oecd's annual economic survey of Australia, published earlier this year, was equally full of praise: "...Exceeded most expectations","...Based on a judicious mix of sound macroeconomic and structural policies". A recent analysis of the Australian economy by Charles Bean, the Bank of England's new chief economist, joined the chorus: "...A mixture of good institutional design and wise decision-making." And when Paul Krugman, a well-known American economist, visited Australia a couple of years ago, he dubbed it "a miracle economy" for emerging from the Asian economic crisis virtually unscathed.
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