Sign up to Brilliant for a free 30 day trial and you'll also get 20% off an annual premium subscription: https://brilliant.org/tldr/ Australia's economy has long been the envy of the Western world. But it seems that in the past few months, it looks like Australia's luck has finally ran out. So, in this video, we're taking a look at what's going on with Australia's economy, and why things might get worse. 🎞 TikTok: https://www.tiktok.com/@tldrnews 💡 Got a Topic Suggestion? - https://forms.gle/mahEFmsW1yGTNEYXA Support TLDR on Patreon: http://www.patreon.com/tldrnews Donate by PayPal: https://tldrnews.co.uk/funding Our mission is to explain news and politics in an impartial, efficient, and accessible way, balancing import and interest while fostering independent thought. TLDR is a completely independent & privately owned media company that's not afraid to tackle the issues we think are most important. The channel is run by a small group of young people, with us hoping to pass on our enthusiasm for politics to other young people. We are primarily fan sourced with most of our funding coming from donations and ad revenue. No shady corporations, no one telling us what to say. We can't wait to grow further and help more people get informed. Help support us by subscribing, engaging and sharing. Thanks! 1 - https://www.datawrapper.de/_/VEEir/ 2 - https://twitter.com/JosephPolitano/status/1805636271370391654 3 - https://www.economist.com/the-economist-explains/2017/09/05/how-australia-broke-the-record-for-economic-growth 4 - https://treasury.gov.au/sites/default/files/2019-03/round3-9.pdf 5 - https://twitter.com/mlanetrain/status/1828581509873230030/photo/1 6 - https://theconversation.com/prepare-to-hear-about-an-official-recession-unofficially-weve-been-in-one-for-some-time-224963 7 - https://tradingeconomics.com/australia/monthly-cpi-indicator 8 - https://tradingeconomics.com/australia/interest-rate 9 - https://www.theguardian.com/business/grogonomics/article/2024/jun/06/australia-gdp-figures-recession-fears-rba-spending-too-much 10 - https://www.morningstar.com.au/insights/personal-finance/250560/australian-housing-is-twice-as-expensive-as-the-us 11 - http://www.demographia.com/dhi.pdf 12 - https://tradingeconomics.com/commodity/iron-ore 13 - https://thekoalanews.com/education-as-an-export-for-australia-2022-23/ 14 - https://www.theguardian.com/education/commentisfree/article/2024/aug/28/australias-proposed-overseas-student-cap-isnt-just-about-dollars-its-about-people 00:00 - Introduction 01:06 - Context 04:01 - Australia's Economic Crisis 07:28 - Sponsored Content