Coronavirus hit means Australia is about to run out of luck

Collapse of Chinese demand puts first recession in 30 years within sight

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Scott Morrison during a press conference on Apr. 7: his team does not have anything concrete to say about weaning Australia off its addiction to China. © Getty Images

William Pesek is an award-winning Tokyo-based journalist and author of "Japanization: What the World Can Learn from Japan's Lost Decades."

No developed nation has beaten the odds for the past three decades better than Australia. Its recession-free run has confounded economic gravity and the naysayers.

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