Boom and Bust in Australia鈥檚 Coal Country
James Fletcher travels to Mackay in Queensland鈥檚 coal country to find out about the town鈥檚 tales of economic success and how it鈥檚 dealing with the current downturn.
While many developed economies have recently dipped into recession, Australia is enjoying a record 22nd straight year of growth. Thanks to a resources boom driven by demand from China, the global economic downturn barely registered in the 鈥榣ucky country鈥�. But China鈥檚 growth is now stuttering, resource prices have fallen, and mining companies are laying off thousands of workers.
How to deal with the downturn has been a key issue in Australia鈥檚 election. James Fletcher travels to Mackay in Queensland鈥檚 coal country to find out about the town鈥檚 boom and see how it is dealing with the current bust.
(Image: A worker building mine equipment at Team Engineering. 麻豆社 Copyright)
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