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Liquidation Direct

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Business investment plummets

28 May 2009     General      by steven

Investment by companies plunged more than feared in the first quarter of 2009, underscoring how far business expansion has gone into reverse, likely tipping Australia into recession. (more…)

We are in recession – RBA chief

21 April 2009     General      by steven

The Australian economy is in recession and maintaining confidence is key to a local recovery, the governor of the Reserve Bank said today.

“Whether or not the next GDP (gross domestic product) statistic, due in early June, shows another decline, I think the reasonable person, looking at all the information available now, would come to the conclusion that the Australian economy, too, is in recession,” said Mr Stevens. (more…)

Australia’s economic growth at 26 year low

15 April 2009     General      by steven

AUSTRALIA’S economy is set to keep contracting to a recession, with the rate of growth at a 26-year low in a leading survey. (more…)

The banks expect 2009 to be a disaster

2 February 2009     General      by steven

THE experts who manage the world economy have written off this year as a disaster they can do little about. (more…)

2nd emergency package needed to counter worsening global economy

13 January 2009     General      by steven

PROMISED tax cuts could be brought forward a year as the government considers†a second emergency package to counter the worsening global economy. (more…)


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