No but it is tied to the International economy - even the Banana Republics are healthier at the moment than they were in the early 90s. Keating as treasurer conducted macro and microeconmic reforms that the Libs would just dream about! (Look at Howard's stint at Treasurer for a real measure of his worth - when economic conditions weren't so good.
Record trade deficits, growing international debt, a bigger burden on the PAYE tax payers, a disaster in foreign affairs and trade, a health system that favours the rich, a hard heart approach to scare tactics in immigration, the rich get fatter whilst the poorer suffer, dishonestyin government etc There is more to govt than just the economy. If things are so good why did Johnny boy have to run a deceptive and dishonest scare campaign to win against what is supposedly an inexperienced and discredited opponent.?