Tuesday, December 09, 2008

Australian Recession Warning

Economists warn of impending recession just prior to forecasting a $25b deficit blow-out.

Related: How Bloomberg reported it

1 comment:

Anonymous said...

But, but Otto, kevvie is going to spend our way out of this mate. Burn through that surplus.

The very media at the election before the last were heaping scorn on Howard for giving us back some of the money they took from us, but suddenly when it's kevvie throwing it from his ivory tower, it's all good.

I just wonder how many will be standing with their mouths open if they spend the money then the surplus is gone and the economy goes into recession anyway.