Amazulu

http://www.perthnow.com.au/news/brea...-1226465792852

I think there have been 3 quarters of negative growth out of 84.

commonwealth

so?

Tramps_mate

Bet it doesn't this year..

bingobob777

not particularly hard when the 2 countries with the largest populations in the world have been expanding their economies at 8-9% a year and demanding the resources to facilitate it.

Pit Bull.

21 years continuous growth, that's incredible. I think a slow down is on the cards though, but we will have to wait and see.

Zen10

Slow down is inevitable. Hopefully it will be shallow, but deep enough to bring sanity to the housing market.

commonwealth

slowdown but not recession i hope

Pit Bull.

The signs are there if I'm honest, but just how bad it will be is just guess work at present, like you say hopefully it will be shallow.

Pit Bull.

You were wrong Bull, the predictions are Australia's economy will grow by 3% that's 22 years of continuous growth.

chris955

Yes, absolutely

Zen10

It's now 12th biggest economy in the world and still expanding. It's just overtaken Spain, Mexico and South Korea.

Pit Bull.

Yes absolutely.

commonwealth

with only 20+ million people that's a good one!

Zen10

It is an amazing achievement considering the low population and the fact it's only 200 years old, but we need to remember the role of natural resources in this.

commonwealth

are we gonna tell saudi arabia to stop selling oil?

and whatever happened to north sea oil?