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2025-02-19 08:30:00 ET

Australia may be nicknamed the "land down under," but it's far from under when it comes to the economy.

Australia has strong economic conditions, which include affordability, a low public debt level and rising income. Impressively, before COVID-19, the nation had not experienced a recession in more than 30 years.

While many countries faced economic challenges as the pandemic caused worldwide shutdowns, the closures only accelerated Australia's move toward digital solutions. With monumental shifts in how business, banking and education are done, there came an increased focus on artificial intelligence (AI), fintech and more.

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