Guest BurgessFamily

South Australian economy is in recession

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    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. :)

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    "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 :-/

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    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 by guspjmh

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    "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.

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