That may not be a lot of immediate help to most people because they would be unsure of what time span was encompassed by an economic expansion. As a point of reference, the last two expansions have lasted for about six-and-a-half years, but I think we can do a lot better on this occasion.
Lengthening the expansion The current expansion in Australia has been going on for about 5½ years, which is similar to the United States, the United Kingdom and New Zealand, and a fair bit longer than for countries in continental Europe or Japan.