The GFC hit younger Australians hardest last year, pushing more of them onto government benefits and slowing their wages, a new report shows. Continue reading
Tag Archives: economic downturn
Business loans dive
Total borrowings by companies fell almost 13 per cent in April as the prospects of an economic downturn deterred corporate investment. Continue reading
ANZ abandons invoice discounting – factoring alert.
ANZ has abandoned its discount invoicing division (factoring) despite interest in the cashflow financing tool surging in the last 12 months as the downturn has worsened. Continue reading
Companies expect sales and profit to fall
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More than half of all businesses expect the global economic downturn underway will continue to put pressure on sales and profits in 2009, a survey says. Continue reading
Gloom deepens for car makers
General Motors and Chrysler cuts jobs and closes plants as automakers from Europe to Asia forecast a deeper global downturn in auto sales. Continue reading
Profits may be pushing onwards, but all the signs show stormy seas ahead – The Age 28-8-08
THE tail of the profit season continues to underline the Australian economy’s dependence on a commodities boom that is losing momentum. Continue reading
Kevin Rudd admits Australians Worse off – but he’s not to blame – Courier Mail 27-8-08
PRIME Minister Kevin Rudd has admitted Australians are worse off since he took power late last year, but says he is not to blame. Continue reading
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