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Australia economy/bubble/fiscal cliff/recession 'stuff'

Australia economy/bubble/fiscal cliff/recession 'stuff'

Old Sep 5th 2012, 8:07 am
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Default 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.
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Old Sep 5th 2012, 8:38 am
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Default Re: Australia celebrates 21 years of continuous economic growth

so?
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Old Sep 5th 2012, 9:32 am
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Default Re: Australia celebrates 21 years of continuous economic growth

Bet it doesn't this year..
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Old Sep 5th 2012, 10:43 am
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Default Re: Australia celebrates 21 years of continuous economic growth

Originally Posted by Amazulu View Post
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.
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Old Sep 6th 2012, 7:40 am
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Default 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.
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Old Sep 6th 2012, 7:44 am
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Default Re: Australia celebrates 21 years of continuous economic growth

Originally Posted by Pit Bull. View Post
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.
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Old Sep 6th 2012, 9:23 am
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Default Re: Australia celebrates 21 years of continuous economic growth

slowdown but not recession i hope
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Old Sep 7th 2012, 11:02 am
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Default Re: Australia celebrates 21 years of continuous economic growth

Originally Posted by Zen10 View Post
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.
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Old Oct 9th 2012, 6:59 pm
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Default Re: Australia celebrates 21 years of continuous economic growth

Originally Posted by Pit Bull. View Post
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.
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Old Oct 9th 2012, 7:08 pm
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Default Re: Australia celebrates 21 years of continuous economic growth

Yes, absolutely
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Old Oct 9th 2012, 9:18 pm
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Default Re: Australia celebrates 21 years of continuous economic growth

Originally Posted by Pit Bull. View Post
You were wrong Bull, the predictions are Australia's economy will grow by 3% that's 22 years of continuous growth.
It's now 12th biggest economy in the world and still expanding. It's just overtaken Spain, Mexico and South Korea.
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Old Oct 9th 2012, 9:27 pm
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Default Re: Australia celebrates 21 years of continuous economic growth

Originally Posted by Zen10 View Post
It's now 12th biggest economy in the world and still expanding. It's just overtaken Spain, Mexico and South Korea.
Yes absolutely.
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Old Oct 9th 2012, 9:44 pm
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Default Re: Australia celebrates 21 years of continuous economic growth

with only 20+ million people that's a good one!
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Old Oct 9th 2012, 11:54 pm
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Default Re: Australia celebrates 21 years of continuous economic growth

Originally Posted by commonwealth View Post
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.
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Old Oct 10th 2012, 2:11 am
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Default 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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