Recession likely, bank chief warns

1points Posted 888 days, 20 hours ago by Bronwen

OUTGOING Reserve Bank governor Ian Macfarlane has warned that Australia likely faces a recession within the next seven years — one that could be made far worse by the heavy debts of Australian households.

Read the rest of this story

Source: http://www.theage.com.au/news/national/recession-likely-bank…

Comments

Leave a Comment

You must be logged in to post a comment.


Subscribe to the PerthNorg RSS feed

Saturday, 10th January 2009

Weather
Fair 21°

About PerthNorg

A norg is about people powered news. Anyone can join and contribute to the news as a Cit J. Add your comments, share your stories, post your pics, submit links to interesting stories, upload your YouTube clips and vote for the stories you feel are important. Join up now.