Australia Fairing VERY Well in Global Financial Crisis

I went to a shopping center in Sydney this weekend called Bondi Junction.  It was absolutely teeming at the hinges with voracious and eager shoppers tackling eachother to get that must have pair of designer socks.  It felt like christmas.  I was thinking, where the hell is this global financial crisis?

Apparently  my thoughts have some basis in truth.  A recent survey of business people worldwide shows that Australia comes in first place as the country doing alright despite the global economic meltdown:

Australia stands out as an island of calm amid the global economic storm despite pessimistic government and media responses, an international business confidence survey shows.

One in five international businesspeople cited Australia as the country best surviving the recession in a survey of 7,500 people in more than 24 nations.

Australia placed first in the survey, ahead of China, with India and Singapore in equal third place. New Zealand also fared well, ranked ninth.

The survey conducted in April was aimed at gauging business sentiment and what impact the economic downturn has had on businesses globally.

Australian businesspeople appeared relatively unaffected, according to the poll conducted for Servcorp, a provider of virtual and serviced offices that operates in 61 nations.

“In my experience working with international businesses around the world, especially during the last six months, I’ve noticed how relatively unaffected (are) Australian businesses and… business persons’ attitude by the economic downturn,” Servcorp executive director Taine Moufarrige said.

“Over 71 per cent of Australian businesspeople believe we are the lucky country, and it’s interesting to see that the rest of the world agrees.”

The unemployment rate is only 5.5%.  Good job Oz!

Sorry I couldn’t  help it.  I had to post a Kangaroo.