Today’s release of the December ’08 National Accounts came as a surprise. Not the fact that Australia’s GDP has recorded its first quarter decline since 1991 – it was only a mater of time for Australia to join the ranks of countries in recession. But while GDP has started to …
As the U.S. economy took a dive, experts said "no fear" – Australia was decoupled from the US and booming China would continue to power our economy. Yet, as consumers in the world economy cut back on purchasing goods, now China’s growth is falling at alarming rates. What now? Who …
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 …
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