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Does Australia have a 'zombie economy' that is at risk of a crash? - ABC News

We are complacent, we are blind and we are ignoring the lessons of history at our peril.

These are the warnings of some doomsday economists who fear we are heading towards the same financial cliff that hurled the world into a crisis from which we are still emerging.

Very few experts saw the global financial collapse coming less than a decade ago. Some of those who did are warning that we stand again on the same precipice.

They say the countries that are most at risk are the ones who dodged the bullet in 2008: among them China, South Korea, Canada and Australia.

By Matter of Fact host Stan Grant

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