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.

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?)

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.

Only like to hear good news then.

There won't be a recession though...the number next quarter will like be the same with + in front of it.

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...

You most be a true australian through & through

Wait until the US dollar collapses.

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
so if you are thinking of relocating hear get used to it

Less, -1.4% was predicted

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

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

Next

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.

That's a bold statement

Just goes to show that predictions don't mean shit

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,