A special report by The Sunday Telegraph has revealed the that households have been forced to drastically cut back on spending, stores are empty despite unprecedented sales and the property market is dire, with 40 per cent of auctions in Sydney last week resulting in no sale. Continue reading
Tag Archives: economic conditions
Risks of crash greater than before GFC – Garnaut
Economist Ross Garnaut warns the risks of economic depression are greater now than before the global financial crisis. Continue reading
Growth forecasts cut by RBA
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The Reserve Bank of Australia (RBA) has left the door open to further falls in official interest rates, after revising down its estimates for economic growth and warning of the need to avoid a sharp slowdown in the months ahead. Continue reading
Slump could cost 100,000 jobs – The Advertiser 13-8-08
THE Federal Opposition wants the Government reveal predicted jobs losses during an economic slowdown – with forecasts 100,000 jobs are at risk. Continue reading
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