The expected contraction of the economy in the March quarter looks likely to be deeper than previously anticipated while the early signs of the subsequent recovery are not encouraging. Continue reading
Tag Archives: slump
Home building starts down to lowest levels in 8 years
HOME building fell to its lowest level in eight years in the first three months of 2009, with work starting on just 30,949 properties. Continue reading
Local car market in trouble
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NEW-CAR buyers may be in for an early Christmas treat as overburdened dealers rush to clear 2008 stock. Continue reading
Australia’s Reserve bank says rate cut may be needed – SMH 19-8-08
Borrowers take heart: the Reserve Bank of Australia feels your pain.
The central bank, acknowledging a slump in borrowing, lower consumer confidence, and weaker growth prospects, says an early rate reduction may be needed. Continue reading
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