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-   -   Australia economy/bubble/fiscal cliff/recession 'stuff' (https://britishexpats.com/forum/australia-54/australia-economy-bubble-fiscal-cliff-recession-stuff-770625/)

Amazulu Sep 5th 2012 8:07 am

Australia economy/bubble/fiscal cliff/recession 'stuff'
 
http://www.perthnow.com.au/news/brea...-1226465792852

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

commonwealth Sep 5th 2012 8:38 am

Re: Australia celebrates 21 years of continuous economic growth
 
so? :p

Tramps_mate Sep 5th 2012 9:32 am

Re: Australia celebrates 21 years of continuous economic growth
 
Bet it doesn't this year..

bingobob777 Sep 5th 2012 10:43 am

Re: Australia celebrates 21 years of continuous economic growth
 

Originally Posted by Amazulu (Post 10264717)
http://www.perthnow.com.au/news/brea...-1226465792852

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

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. Sep 6th 2012 7:40 am

Re: Australia celebrates 21 years of continuous economic growth
 
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 Sep 6th 2012 7:44 am

Re: Australia celebrates 21 years of continuous economic growth
 

Originally Posted by Pit Bull. (Post 10266542)
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.

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

commonwealth Sep 6th 2012 9:23 am

Re: Australia celebrates 21 years of continuous economic growth
 
slowdown but not recession i hope

Pit Bull. Sep 7th 2012 11:02 am

Re: Australia celebrates 21 years of continuous economic growth
 

Originally Posted by Zen10 (Post 10266548)
Slow down is inevitable. Hopefully it will be shallow, but deep enough to bring sanity to the housing market.


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. Oct 9th 2012 6:59 pm

Re: Australia celebrates 21 years of continuous economic growth
 

Originally Posted by Pit Bull. (Post 10266542)
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.

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

chris955 Oct 9th 2012 7:08 pm

Re: Australia celebrates 21 years of continuous economic growth
 
Yes, absolutely :thumbsup:

Zen10 Oct 9th 2012 9:18 pm

Re: Australia celebrates 21 years of continuous economic growth
 

Originally Posted by Pit Bull. (Post 10322261)
You were wrong Bull, the predictions are Australia's economy will grow by 3% that's 22 years of continuous growth. :thumbsup:

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

Pit Bull. Oct 9th 2012 9:27 pm

Re: Australia celebrates 21 years of continuous economic growth
 

Originally Posted by Zen10 (Post 10322488)
It's now 12th biggest economy in the world and still expanding. It's just overtaken Spain, Mexico and South Korea.

Yes absolutely. :thumbsup::rofl:

commonwealth Oct 9th 2012 9:44 pm

Re: Australia celebrates 21 years of continuous economic growth
 
with only 20+ million people that's a good one!

Zen10 Oct 9th 2012 11:54 pm

Re: Australia celebrates 21 years of continuous economic growth
 

Originally Posted by commonwealth (Post 10322542)
with only 20+ million people that's a good one!

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 Oct 10th 2012 2:11 am

Re: Australia celebrates 21 years of continuous economic growth
 
are we gonna tell saudi arabia to stop selling oil?

and whatever happened to north sea oil?


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