Sentences with phrase «economic basket cases»

The Australian Chamber of Commerce and Industry has taken a harder line, warning there was a risk Australia could become an economic basket case like Greece or Spain if the May budget didn't curb «runaway spending» on the aged pension, family tax benefits and childcare.

«We're an economic basket case.

Under governors dating back to the mystical Mario, the once - proud Empire State has been, it seems to me, an economic basket case.

Iceland scores high on international assessments, but in the global crisis of 2008 — 2009 it became an economic basket case with a national debt equal to 850 percent of its gross domestic product.

*** South Australia is an economic basket case, thanks, in no small part, to its obsession with wind power.

Not exact matches

WITH the economic prospects of Aboriginal people in the Kimberley uncertain after Woodside Petroleum put its onshore gas project at James Price Point on hold, we are left wondering whether the region should now be classified a basket case.

With its warnings of depleted bank reserves, weak governance, and political uncertainty, the IMF's account reads more like the analysis of a war - ravaged economic basket - case than the prospects for a developed economy in one of the richest economic zones in the world.

The reason tax mix matters is because it explains the Nordic countries, who have much larger public sectors than does Canada, so much so that according to the usual Fraser Institute logic that lower taxes overall would lead to faster economic growth, they ought to be complete basket cases.

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