Services sector ‘almost in recession’ despite strong economy

By David Olsen · 8 April 2010 · Locked

Australia's economy is at a crossroads: boom or bust?

The services sector is on the brink of recession, but what's driving this trend and what does it mean for the country's future? Discover the surprising truth behind Australia's 'two speed economy'.

Read the full article →

Summary

Australia continues to struggle to manage its ‘two speed economy’ as the resource sector booms, while rising interest rates cripple the services sector.

Tags: AIG, Commonwealth Bank, Heather Ridout, Interest rate, John Peters, Rba, Resources, Services