By Adeline Teoh · 25 March 2009 · News
See the complete version on Dynamic Business for the full story and insights.
“Avoiding recession will be difficult,” says Assistant Treasurer Chris Bowen. A recession is two consecutive quarters of negative growth; Australia’s first occurred in the last quarter of 2008 and this quarter is set to follow suit, he believes. “We haven't gone there but… we are seeing, a slowdown,” Bowen admitted. “We have said all along […]