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Boom and Bust in Australia’s Coal Country

James Fletcher travels to Mackay in Queensland’s coal country to find out about the town’s tales of economic success and how it’s 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 ‘lucky country’. But China’s 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’s election. James Fletcher travels to Mackay in Queensland’s coal country to find out about the town’s boom and see how it is dealing with the current bust.

(Image: A worker building mine equipment at Team Engineering. Ö÷²¥´óÐã Copyright)

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25 minutes

Last on

Sun 8 Sep 2013 12:32GMT

Broadcasts

  • Thu 5 Sep 2013 08:06GMT
  • Thu 5 Sep 2013 14:32GMT
  • Thu 5 Sep 2013 19:06GMT
  • Thu 5 Sep 2013 23:32GMT
  • Fri 6 Sep 2013 03:32GMT
  • Sun 8 Sep 2013 12:32GMT

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