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Australia was one of the only leading developed nations to avoid recession last year, thanks in part to intense appetite for its mineral riches.
Both companies were criticized sharply by Senator Levin for using accounting rules to allocate revenue to other nations to avoid paying taxes in the United States.
Australia should follow the example of Germany, one of the few developed nations to avoid a housing bubble by keeping its private debt issuance under control.
The goal was set by Barack Obama's administration as part of the Paris agreement between 195 nations to avoid dangerous global warming of more than 2C.
Because of these fears, Greece is working frantically in concert with other European nations to avoid default, by embracing further austerity measures it has promised in return for more European bailout money to help pay its debts.
Not only was it one of the few non-Asian nations to avoid a recession during the financial crisis, but it has the added advantage of being in the Southern Hemisphere.
Similar(43)
Many U.S. merchant ships are registered in a third nation to avoid heavy taxes.
Washington was counseling the nation to avoid entangling alliances with European nations.
Poland was the only EU nation to avoid recession and it remains one of Europe's fastest-growing economies.
The late-night, last-minute deal allows the nation to avoid the severe austerity measures that were slated to take effect in the new year.
The default setting of politics in the twenty-first century – to trust in the market – has proven to be bad economics, even for Australia, the only high-income nation to avoid the Great Recession.
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Justyna Jupowicz-Kozak
CEO of Professional Science Editing for Scientists @ prosciediting.com