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View Full Version : Australian Economy Shrinks, First Time in Eight Years - Bloomberg



NewsWhore
03-03-2009, 09:00 PM
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Australian Economy Shrinks, First Time in Eight Years (http://news.google.com/news/url?sa=T&ct=us/4-0&fd=R&url=http://www.bloomberg.com/apps/news%3Fpid%3D20601087%26sid%3DaObCVooxRAr8%26refer%3Dhome&cid=1308832934&ei=X-GtSaHYNIei0QXkp7CBBA&usg=AFQjCNGkZSy9Cu2UmBY3LILH1nFg7OwO4Q)
Bloomberg
The nation’s currency dropped. Waning consumer and business spending, falling house prices and a slump in construction have pushed Australia close to its first recession in two decades and prompted the central bank to slash borrowing costs by four ...


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