We are experiencing the “sharpest deceleration Australia’s economy has ever seen”

January 19, 2009 admin Australian Economy Comments Off on We are experiencing the “sharpest deceleration Australia’s economy has ever seen”

While many still argue if Australia will fall into recession, the inevitable has happened. NSW is already in recession, and the rest of Australia is not far off.

In a forecast to be published today from Access Economics, it predicts Australia will be in a technical recession by the end of March.

Chris Richardson, Director at Access Economics and heading up the Macroeconomic Group said “This is not just a recession. It will be the sharpest deceleration Australia’s economy has ever seen”

» NSW set to recover ahead of the pack – The Sydney Morning Herald, 19th January 2009.




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