IRMO Brief 02/2020, "Australia’s future – still the lucky country or running out of luck?"

Introduction

As the world rung in 2020, political analysts across the globe were busy making assessments of the past decade and offering predictions as to the dominant geopolitical, economic and social trends over the next ten years.
Subjecting Australia to the same scrutiny leaves an impression the 2010s are going to be remembered as a decade of missed opportunities as ‘kicking the can down the road’ approach to economy, polity and security start to imperil Australia’s reputation as a lucky country. In brief, Australia’s economic resilience is its greatest success as the country has continued to enjoy uninterrupted economic growth amidst the global financial crisis and
in the aftermath of the direst recession to hit the world since the Great Depression. This makes it an absolute record-setter across the Western world. Yet, the optimism that such positive trends will endure is fading.

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