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Flat White

South Australia: two turning points for the economy

4 January 2017

9:50 AM

4 January 2017

9:50 AM

mikenkevinjpgThe Mike Rann Labor government was formed in South Australia in 2002 and thereafter enjoyed a decent decade. It then struck a major hurdle. 

The first major turning point in the development of the modern South Australia economy was the financial loss of about three billion dollars by the State Bank, establish by Labor in the 1980s, at the end of the property and assets boom in 1990-91.  

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