Australian economic recession GDP catastrophe
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The Australian Federal Government reported on December 9th that the economy during the September quarter declined, shrinking down to 1.8 per cent from 3.1 per cent as of June 2016, representing an Australian GDP catastrophe, the greatest economic decline since the global financial crisis. Treasurer, Scott Morrison in a press conference announced the truth about the Australian GDP catastrophe with a touch of political spin, “there’s nothing much to worry about even though the economy has suddenly stalled”, it was stated that Australia might be in an economic recession with a negative quarter of economic growth. Economists and doom sayers are in full swing over the Australian GDP catastrophe and potential economic recession in 2017. Read the full article here: https://mortgageeproperty.com/australian-gdp-catastrophe-economic-recession.html
Comments
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yeah and we will get cut off from China and Asia market. just to support America. that leaves us in no mans land. we need to make a deal with Russia to cut America away from the economy. we need to change to free energy and get rid of coal and other crap. it's been to long for money hungry idiots taking from us
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GOODBYE TO ALL YOU RECRUITMENT INFESTATION INVESTMANTS
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i for one, welcome the coming crash. hopefully we come out the otherside with socialism. jobz n groooth, in this capitalist economy, hahahaha, not enough profit, thats why we have been off shoring our jobs since Keatings reforms.
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We'll all be dead if we keep growing, we need change, not growth.
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how can we keep growing with finite resources?
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Read all the headline here: https://mortgageeproperty.com/australian-gdp-catastrophe-economic-recession.html
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it's a war on recession😂
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bankster fraud, manipulations, and an endless wave of misinfo/lies props up this fake prosperity. It is a house of cards. Australians are in a profound state of cognitive dissonance, at the mercy of a lying media, run by a lying government, run by a corrupt debt based monetary system... so many years living off the fat of the debt hog will soon end. Like most mis-leaders in governments around the world no one takes responsibility for a failed system or policy, for rising debt, no one seems to care to take responsibility and institute authentic measures for real sustained growth... like manufacturing, tech innovation, innovation in agriculture, water, energy production, education, not to mention living within ones means...
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He's terrified of a bursting bubble on his watch. Good bye fake jobs. we don't need another 1000 apartments.
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My thought is that they only brought up housing affordability as an election issue, only because they knew that the contracting markets will kill housing prices. That is, the government foresaw what was going to happen and were going to claim credit for achieving a goal that was going to happen anyway.
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