Sharemarkets ended 2010 on an upbeat note and there is an air of optimism among investors and a confidence among economists that a double-dip recession has been avoided. A tough moment, then, to be bearish? Continue reading
Tag Archives: recession
China Warns of Double Dip Recession
CHINA’S Premier, Wen Jiaboa, has warned that the world risks sliding back into recession and says his country faces a difficult year trying to maintain economic growth and spur development. Continue reading
Business investment plummets
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. Continue reading
We are in recession – RBA chief
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. Continue reading
Australia’s economic growth at 26 year low
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. Continue reading
The banks expect 2009 to be a disaster
THE experts who manage the world economy have written off this year as a disaster they can do little about. Continue reading
2nd emergency package needed to counter worsening global economy
PROMISED tax cuts could be brought forward a year as the government considers†a second emergency package to counter the worsening global economy. Continue reading
Job advertisments down to recessionary levels
The number of job advertisements has fallen for an eighth straight month. Continue reading
Aussie business fear next 3 months will be the worst
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AUSTRALIAN businesses fear the next three months will be their toughest quarter yet – they fear the financial crisis will keep driving down sales, profits and employment levels.
A nationwide survey of 1200 companies revealed more than 50% were preparing for a drop in sales, while 59 per cent expected lesser profits. Continue reading
Taking bets on an Australian Recession – Centrebet
Centrebet is offering good odds on the economy bottoming out.
The bookmaker has Australia a $1.12 favourite to fall into recession in the next 12 months, and $5.50 if it is avoided. Continue reading
CRS Warner Kugel trading as The Insolvency Experts 2011. All rights reserved