Is Australia officially in a Recession
Oct 13th 2012, 12:41 am
#196
Daffyd Duck
Joined: Jul 2008
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Re: Is Australia officially in a Recession
maybe millennium
Oct 13th 2012, 1:06 am
#197
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Re: Is Australia officially in a Recession
There's a very possible chance of recession next year. And the way things are going its very similar to the UK was 2007-8..
I fully expect a recession here if mining continues to struggle in coal and iron.
Oct 13th 2012, 1:26 am
#198
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Re: Is Australia officially in a Recession
Have you even been to Australia? How would you know it's no where near recession?
There's a very possible chance of recession next year. And the way things are going its very similar to the UK was 2007-8..
I fully expect a recession here if mining continues to struggle in coal and iron.
There's a very possible chance of recession next year. And the way things are going its very similar to the UK was 2007-8..
I fully expect a recession here if mining continues to struggle in coal and iron.
Oct 13th 2012, 5:04 am
#200
Daffyd Duck
Joined: Jul 2008
Location: Paradise
Posts: 5,636
Re: Is Australia officially in a Recession
Iron-ore:
October 2007 - USD36.63/t
October 2012 - USD117.00/t
http://www.indexmundi.com/commoditie...-ore&months=60
October 2007 - USD36.63/t
October 2012 - USD117.00/t
http://www.indexmundi.com/commoditie...-ore&months=60
Oct 13th 2012, 7:05 am
#201
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Re: Is Australia officially in a Recession
Oct 13th 2012, 7:21 am
#202
Daffyd Duck
Joined: Jul 2008
Location: Paradise
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Re: Is Australia officially in a Recession
well. i'd be worried if it goes below 36.63.
Oct 13th 2012, 7:33 am
#203
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Location: UK now, Australia in 2014
Posts: 1,000
Re: Is Australia officially in a Recession
Have you even been to Australia? How would you know it's no where near recession?
There's a very possible chance of recession next year. And the way things are going its very similar to the UK was 2007-8..
I fully expect a recession here if mining continues to struggle in coal and iron.
There's a very possible chance of recession next year. And the way things are going its very similar to the UK was 2007-8..
I fully expect a recession here if mining continues to struggle in coal and iron.
Oct 13th 2012, 7:40 am
#204
Daffyd Duck
Joined: Jul 2008
Location: Paradise
Posts: 5,636
Re: Is Australia officially in a Recession
i've been in australia (syd) in past 3 years and hardly seen signs of recession around me 
in fact it has improved since then.
in fact it has improved since then.
Oct 13th 2012, 8:12 am
#205
Daffyd Duck
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Re: Is Australia officially in a Recession
Oct 13th 2012, 10:17 am
#206
Just Joined
Joined: Jul 2012
Posts: 29
Re: Is Australia officially in a Recession
Well , i personally know of a friend who got the PR ( not sure exactly what kind) , and moved to brisbane , he has a Masters in Biomedical engineering , and its been more than 3 months he couldnt find work , maybe jobs in some sectors are more than in others i guess
Oct 13th 2012, 11:27 am
#207
Daffyd Duck
Joined: Jul 2008
Location: Paradise
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Re: Is Australia officially in a Recession
i was unemployed for more than 3 months when i first arrived in oz.
Oct 13th 2012, 11:34 am
#208
Daffyd Duck
Joined: Jul 2008
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Re: Is Australia officially in a Recession
http://www.smh.com.au/business/jobs-...012-27ibb.html
...despite all the gloominess - and notwithstanding its apparent rise to 5.4 per cent last month - the official unemployment rate is still very low by the standards of the past 30 years.
In that time there have been only four years in which the unemployment rate has averaged less than 5.25 per cent. (Note for sceptics: contrary to urban myth, the method of calculating the rate hasn't changed in that time.)
Lowe reminds us Australia has one of the lowest unemployment rates among the advanced economies - ''an outcome that seemed improbable for much of my professional career''.
In that time there have been only four years in which the unemployment rate has averaged less than 5.25 per cent. (Note for sceptics: contrary to urban myth, the method of calculating the rate hasn't changed in that time.)
Lowe reminds us Australia has one of the lowest unemployment rates among the advanced economies - ''an outcome that seemed improbable for much of my professional career''.
Oct 13th 2012, 1:35 pm
#209
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Oct 13th 2012, 2:06 pm
#210
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Re: Is Australia officially in a Recession
I dont think that would necessarily follow automatically.