How dependent is Australia financially on the U.S?

Question

I want to know if America is plunging into an economic depression how is Australia going to be affected??

Answer 1

everyone in the world would somehow be affected by an american depression.

australia would be hit very bad, but we are slowly moving away from the US market, and moving towards china and india

Answer 2

The u.s. is the world's #1 economy, if they go into a depression, there is a very strong possibility the rest of the world will follow.

In my opinion, the u.s. is not heading for a depression, a recession (maybe).  Don't believe everything to see on tv, or read in the media.  Gloom & doomers are interesting, but I tend not to take them too seriously.