“There is no other developed economy in the world that has managed to grow over that same 25 year period continuously. They (other economies) were hit by the GFC, or hit by the IT boom, or the Asian financial crisis. Meanwhile, Australia has managed to get through this challenging period with continuous expansion.”
While other economists foresee “doom and gloom”, Mr Bloxham said there were opportunities for Australia’s gas firms.
“The LNG expansion is just about to happen,” he said.