Are we on the podium?

Mark Rider | UBS Global Asset Management | July 2012

At the 1976 Montreal Olympic Games, Australia won no gold medals. But out of this failure, the Australian Institute of Sport was born which became the foundation of our subsequent success. For the economy, it took the collapse in the Australian dollar in the mid 1980s – the so called Banana Republic episode – to drive the reforms that have laid the foundations of what is now 21 years of uninterrupted growth.

In the past, a crisis ...