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Oz falling from high
looks like the dreaded recession is heading to oz. I feel sorry for the ones who have just come over hope they have return tickets.
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Re: Oz falling from high
what are you blabbering about?
(i assume youre talking about the numbers out for the march quarter which every economist around australia & the world anticipated would be rubbish thanks to floods and cyclones that affected core gdp export areas?) |
Re: Oz falling from high
Originally Posted by phat-dave
(Post 9401899)
what are you blabbering about?
(i assume youre talking about the numbers out for the march quarter which every economist around australia & the world anticipated would be rubbish thanks to floods and cyclones that affected core gdp export areas?) The -1.2% was much worse than predicted. |
Re: Oz falling from high
Originally Posted by phat-dave
(Post 9401899)
what are you blabbering about?
(i assume youre talking about the numbers out for the march quarter which every economist around australia & the world anticipated would be rubbish thanks to floods and cyclones that affected core gdp export areas?) |
Re: Oz falling from high
There won't be a recession though...the number next quarter will like be the same with + in front of it.
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Re: Oz falling from high
Originally Posted by bcworld
(Post 9401927)
It's not just the floods. It's the fact the economy is a bit of a one trick pony at the moment with most sectors stagnant at best. Retail, manufacturing, construction are all struggling.
The -1.2% was much worse than predicted. I think that house prices will rise 20% this year, and 20% next year...:D |
Re: Oz falling from high
Originally Posted by asprilla
(Post 9401941)
Well personally I refuse to believe the published numbers. We're different in Australia.
I think that house prices will rise 20% this year, and 20% next year...:D |
Re: Oz falling from high
Originally Posted by bcworld
(Post 9401939)
There won't be a recession though...the number next quarter will like be the same with + in front of it.
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Re: Oz falling from high
This is the lucky country ,if we need more prosperity we just dig a hole in the earth and flog the stuff to the chinese,no way will we go the way of the UK with there social problems, mass unemployment and property crash . currency devaluation etc it just aint going to be sorry :thumbup:
so if you are thinking of relocating hear get used to it |
Re: Oz falling from high
Originally Posted by bcworld
(Post 9401927)
The -1.2% was much worse than predicted.
http://www.theaustralian.com.au/busi...-1226067114993 |
Re: Oz falling from high
Originally Posted by eugene43
(Post 9401875)
looks like the dreaded recession is heading to oz. I feel sorry for the ones who have just come over hope they have return tickets.
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Re: Oz falling from high
Originally Posted by Amazulu
(Post 9401974)
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Re: Oz falling from high
Originally Posted by Hotton
(Post 9401973)
no way will we go the way of the UK with there social problems
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Re: Oz falling from high
Originally Posted by bcworld
(Post 9401988)
Last week it was -0.4 or so, later numbers weren't so much predictions as using the available data to work out the answer.
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Re: Oz falling from high
Originally Posted by Beoz
(Post 9401990)
That's a bold statement:p
Logan etc but they are mild in comparison, |
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