And the U.S. had two to three economic downturns during that same time period, including the Great Recession.
Australia has China to thank. The Asian country has, until recently, drawn very heavily on Australia's natural resources.
Australia's mining industry may be hurting now, but booms in the housing construction industry have picked up the slack to help the economy grow.
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Americans have positive perceptions of both the banking and real estate industries for the first time in nearly a decade, according to a new poll. (Gallup)
Construction cranes fill the sky at the Brickell City Centre project in downtown Miami. According to real estate license applications in 2013, the number of U.S. real estate agents is increasing as the housing market recovers from the Great Recession. (AP)
The U.S. Federal Reserve Bank Building, home to the Board of Governors of the Federal Reserve System. The officials inside this building set the monetary policy that has been credited with slowly bringing the economy back from the verge of a total collapse. (AP)
Goldman Sachs Group, Inc., Chairman and CEO Lloyd Blankfein, right, accompanied by Bank of America CEO Brian Moynihan, speaks to reporters outside the White House in Washington, Wednesday, Oct. 2, 2013, after they and other financial leaders met with President Barack Obama regarding the debt ceiling and the economy. (AP Photo)
Jamie Dimon, JP Morgan & Chase Co. Chairman and CEO, discusses the impact of The Fellowship Initiative, Monday, June 23, 2014, at JPMorgan Chase Headquarters in New York. (AP Images)