We haven't had a recession for 25 years in Australia. It's partly because of our trade with China. China's been doing relatively well. So some of the tensions around a low-wage economy haven't quite happened here in the same way as they have in the United States.
Richard GloverWe haven't had a recession for 25 years in Australia. It's partly because of our trade with China.
Richard GloverIf Trump really can build up American infrastructure, that will help reinflate the world economy, and that would be a good thing.
Richard GloverI certainly think one of the really amazing things about Mr. Trump's victory is there's been an immediate - what one of my friends calls a jump-to-the-Trump in Australia. So you've got politicians of all sides looking at this amazing result in America and thinking, I'd like a bit of that. Can I have a bit of that? And so the opposition leader has been talking about immigrants stealing people's jobs. The prime minister has started talking about media elites in exactly the same terms as President-elect Trump.
Richard Glover