South Australian economy is in recession

[Guest BurgessFamily]

"South Australia's Centre for Economic Studies says the state has experienced its biggest downturn since recession in 1990"

 

http://www.abc.net.au/news/2013-06-28/economic-report-confirms-tough-times-in-south-australia/4787076?section=sa

 

To be fair, it can't be as bad as the UK, at least people are still spending money here. Thank god for the mining projects.

[Trickyshel]

Now there's a surprise.... Took them long enough to realise.

[Misplaced]

"South Australia's Centre for Economic Studies says the state has experienced its biggest downturn since recession in 1990"

 

http://www.abc.net.au/news/2013-06-28/economic-report-confirms-tough-times-in-south-australia/4787076?section=sa

 

To be fair, it can't be as bad as the UK, at least people are still spending money here. Thank god for the mining projects.

 

I think as well the Aussie recession will be a 'normal' recession if you know what I mean.

 

The UK is showing no sign of improving and the cuts that continue for the next 5 years at least are a sign of that light at the end of the tunnel is getting smaller and smaller :-/

[guspjmh]

To be fair, British data has been healthier on the whole than Aussie data recently, hence the upsurge in exchange rates.

 

Neither economy is looking in a great place, but at least Australia has more it can do to combat recession - lowering interest rates etc.

Edited June 28, 2013 by guspjmh

[Lily Rainbow]

"South Australia's Centre for Economic Studies says the state has experienced its biggest downturn since recession in 1990"

 

http://www.abc.net.au/news/2013-06-28/economic-report-confirms-tough-times-in-south-australia/4787076?section=sa

 

To be fair, it can't be as bad as the UK, at least people are still spending money here. Thank god for the mining projects.

I'm in the UK at, and people are still spending money here.Actually where I am you would'nt know there was even a recession on!lol I don't know anyone out of a job,loads of people around shopping,going OS for holidays and so on.I know other area's of the UK have been hit badly though.