Economists said the resources-rich nation's long stretch of expansion was supported by economic reforms in the 1980s and 1990s, such as the floating of the local currency, a flexible labour market, financial sector and capital markets deregulation and lower tariffs.
Sydney (AFP) - Australia marked a world-record 26 years without a recession Wednesday after official figures showed another quarter of economic expansion, but analysts warned of uncertain times ahead as growth slows.
The reading beat expectations, with some analysts predicting a contraction following a category four cyclone in late March as well as weak trade figures and tepid wages growth.
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