Australia has managed to avoid recession so far.  I know that&#x27;s only technically true, but that&#x27;s the best kind of true.  (We had a lot of defense spending in one quarter that pushed us over the line between contracting&#x2F;expanding.)  It&#x27;ll be interesting to see how Q1 2016 goes.  Even if it is a recession, it&#x27;s not a normal one, since unemployment is going down.