All Topics / Finance / Narrowly missing a reccesion

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  • Profile photo of keikokeiko
    Participant
    @keiko
    Join Date: 2008
    Post Count: 513

    Tonight on channel seven news they said where narrowly missing the reccesion but i remember a month or two ago channel 7 said we are now in a reccesion, I dont think they can make there mind up or they have just forgotten what they said last month.
    Media talk so much ****.

    Profile photo of Scott No MatesScott No Mates
    Participant
    @scott-no-mates
    Join Date: 2005
    Post Count: 3,856

    Well some of us have missed a recession (ha ha) and others just deny it. NSW

    Profile photo of ducksterduckster
    Participant
    @duckster
    Join Date: 2004
    Post Count: 1,674

    From an economic definition we have missed a recession but this could be due to the stimulus package creating spending.
    However the unemployment rate is up and the business investment is down . So we are not out of the woods yet.
    If you lose your job then you will not be spending money !

Viewing 3 posts - 1 through 3 (of 3 total)

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