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.

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
 

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.

Re: Oz falling from high
 

Only like to hear good news then.

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.

Re: Oz falling from high
 

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
 

You most be a true australian through & through :thumbsup::thumbsup:

Re: Oz falling from high
 

Wait until the US dollar collapses.

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
 

Less, -1.4% was predicted

http://www.theaustralian.com.au/busi...-1226067114993

Re: Oz falling from high
 

Please define a recession. There is a definition for one and this is not it.

Next

Re: Oz falling from high
 

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.

Re: Oz falling from high
 

That's a bold statement:p

Re: Oz falling from high
 

Just goes to show that predictions don't mean shit

Re: Oz falling from high
 

Social problems as in London Manchester Glasgow Cardiff Essex etc Murder Unemployment drugs poverty and i guess someone will say Cabramatta parramatta
Logan etc but they are mild in comparison,

Re: Oz falling from high
 

WA grew 3.2% in the same quarter - 6.8% annually

Re: Oz falling from high
 

A recession is 2 quarters of negative growth, you know, what WA is experiencing right now.

http://www.afr.com/p/national/wa_eco...VZbHopdO7E1WzN

http://www.theaustralian.com.au/nati...-1226034941282

Re: Oz falling from high
 

Reading this one thought comes to mind, these are the key words: giant.chip.shoulder.

Re: Oz falling from high
 

I agree there are other industries struggling to get traction at present but my comments were to the OP suggesting to get on a plane head home, do not pass go, do not collect $200.

Also, from the reports I've read; UBS, Macquarie & Deutsche all suggested the numbers were better than anticipated and the market responded with demand for AUD increasing thus pushing us to week highs.

Re: Oz falling from high
 

well we have been here for 6 months!! love it and have never been so better off? Uk is failing fast, would never move back there. Australia is fab, people great and life style, prices always go up, but hey you cant buy life!!

Re: Oz falling from high
 

sounds that you have been away longer than six months or your relatives are trying to make you feel good.

Re: Oz falling from high
 

What?!

I've been here for exactly 6 months today and work is plentiful, I'm earning more money than I ever did in the UK and everyone I meet is far more positive about things than back home.

The reason for the recent dip is unprecedented natural disasters.

The only problems I have is that it's finally started raining here and the football season is over!

Why are so many people on this forum so gloomy about things?

Re: Oz falling from high
 

Specially as most of those social problems are already here

Re: Oz falling from high
 

if it makes you feel better. You will a excellent ozzy keep on believing everything is rosey while the walls fall around you.

Re: Oz falling from high
 

I wonder how many armed robberies have taken place this year in, let say Manchester, compared to the Gold Coast?

Re: Oz falling from high
 

Dunno, how many policemen have been shot in the head in Manchester, compared with the Gold Coast?

Personally I am concerned at Australia's prospects - only because I have a horrible feeling of deja vue having lived here so long. We were riding high once before and then came a mighty fall which made living here very tough for quite a long while. I dont much like being so dependent on the Chinese because they do NOT have Australia's best interests at heart and if they can get what they want, cheaper, elsewhere and with less political interference and uncertainty then they will be off quicker than you can say Chop Suey.

I think many Aussies are going to be caught napping unfortunately.

Re: Oz falling from high
 

Ah well, give it another 6 months and you might begin to see the light LOL

Re: Oz falling from high
 

You're coming to Canberra? Hmm, you probably wont be so well off when you arrive here, housing is crazy expensive for starters.

Re: Oz falling from high
 

Just wait until the carbon tax starts...

Re: Oz falling from high
 

Thank Christ it's raining, only wish Perth drivers would adapt:ohmy:. For those of us with Aussie OHs, the football season is only a couple of months underway, 5 more months to go:eek:.

Re: Oz falling from high
 

The million dollar question and a recurring theme on BE. Although this website is about emigrating to and living in Australia, it is generally anti-Australian - hence threads like this. Also, Poms, who make up the majority on here, are, overall, a pessimistic nation.

Re: Oz falling from high
 

Unfortunately its not just Aus, its anywhere and everywhere. You only have to look at the Big 4, and there are people complaining about how bad it is in the country they have immigrated to (and yet they continue to keep living there) all the while telling others how they would be better off staying in the UK. A country those already chose to leave. I dont think any of us is naive enough to assume the grass is greener, but if we are here on these forums then we have our reasons for wanting to leave.

To quote my learned friend above "Same shit different bucket.." Sometimes a different bucket, a change in scenery, regardless of how good or bad things may be, is all you need to give youself a more positive outlook on life.

.

Re: Oz falling from high
 

Well said and this is what a lot of BE is unfortunately, and I will never understand it but there it is.

Re: Oz falling from high
 

Don't make this terrible case a UK v Australia thing. This kind of incident is very rare in both countries and is not the norm.

Re: Oz falling from high
 

A lot depends on how well people are doing: you two are individuals who have stated that you are earning large amounts of money and live very comfortably, so there is every reason for you to be very happy with your lot in Australia, both, as it happens, in Perth. Others are not in the same position, so their outlook and experiences are very different and they are entitled to express their views. Neither of you have lived here for long and I doubt that you have experienced a downturn in the economy, Australian-style.

Re: Oz falling from high
 

If you are unhappy with your situation do something about it - it ain't rocket science

Re: Oz falling from high
 

It's more of an expat thing, than a British expat thing. I knew loads of Aussies in the UK for example who complained about everything (same kind of things people talk about on here;the COL, the weather, the anti-persperant, the broccoli!), but in the end tried to find ways to stay in the country longer.

Re: Oz falling from high
 

You've assumed that I was writing about myself, but I was referring to a huge segment of the population that are not as fortunate as you. Do you ever make any effort to understand the society and community you live in, or are you just too busy making money and spending it?

Re: Oz falling from high
 

My reply was not directed at you but to BE in general. I was referring to the fact (raised by another poster) about the generally negative tone of this website. If you are unhappy with aspects of your life, do something about it and don't bitch and moan on the internet. I'm not going to change my point of view on this, so trying to debate it is pointless - let's agree to disagree.

Re: Oz falling from high
 

Or another view
http://www.smartcompany.com.au/finan...ing-state.html
Meanwhile, a new CommSec report reveals Western Australia to be the best performing state in the country.
The report comes alongside a new CommSec report which reveals Western Australia is experiencing the strongest economic growth out of all the states, due to a strong job market and renewed demand for resources.