Australia’s economy has enjoyed 26 years of growth but it’s about to come to an abrupt end. It will be triggered by the bursting of its property bubble and falling revenues from its main export commodities iron ore and coal
Australia recently recorded its 104th consecutive quarter of growth without a recession, breaking the record set by the Netherlands. It prompted Australia’s federal Treasurer Scott Morrison to claim that the economy was in “surprisingly good shape”. His statement is reminiscent of that old joke. How can you tell if a politician is lying? His lips are moving.
Australia’s economy is not in good shape. Its growth has been built on demand for commodities like coal and steel from China and investment in an over-inflated property market. These dual dependencies are about to be brutally exposed.
For More Detail : Australia’s economy is going down and under
Please visit our sponsors
Results 1 to 1 of 1
-
16-03-2018, 11:35 AM #1
- Join Date
- Sep 2017
- Posts
- 71
- Feedback Score
- 0
- Thanks
- 0
- Thanked 0 Times in 0 Posts
Australia’s economy is going down and under
-
Sponsored Links
-
Sponsored Links
Thread Information
Users Browsing this Thread
There are currently 1 users browsing this thread. (0 members and 1 guests)
24 Hour Gold
Advertising
- Over 20.000 UNIQUE Daily!
- Get Maximum Exposure For Your Site!
- Get QUALITY Converting Traffic!
- Advertise Here Today!
Out Of Billions Of Website's Online.
Members Are Online From.
- Get Maximum Exposure For Your Site!
- Get QUALITY Converting Traffic!
- Advertise Here Today!
Out Of Billions Of Website's Online.
Members Are Online From.