10-02-2023, 01:08 PM
[Image: https://i.gifer.com/7ZqO.gif]
![](https://i.imgur.com/CLvY2jA.png")
If This Country Collapses, It Could Drag Australia into Economic Nighmare
10-02-2023, 01:11 PM
Financial professor at UNSW Mark Humphries-Jenner warned Australia is tied to China and if their economy heads into a recession it would impact us or trigger a recession.
"If China were to go into a recession then Australia would as well," he told 9News.com.au.
"That's because China's growth is relatively high, if China was to decrease its growth considerably it would imply a lack of construction expenditure and consumer expenditure.
"This would impact Australia's exports significantly which would create a risk of a recession as we don't have a replacement market for China at the moment."
"If China were to go into a recession then Australia would as well," he told 9News.com.au.
"That's because China's growth is relatively high, if China was to decrease its growth considerably it would imply a lack of construction expenditure and consumer expenditure.
"This would impact Australia's exports significantly which would create a risk of a recession as we don't have a replacement market for China at the moment."
[Image: https://i.gifer.com/7ZqO.gif]
10-02-2023, 01:14 PM
Domestic economic pressures such as skyrocketing interest rates and persistent inflation pose a greater threat to Australia falling into a recession than global instability, financial experts have warned.
Central banks around the world are facing surging inflation pressures coupled with slowing business growth, forcing interest rates to climb at a record pace.
Even in Australia, inflation has hit a historic high at 7.8 per cent and the Reserve Bank of Australia is continuing to hike interest rates as their sole pursuit of lowering the cost of living.
Central banks around the world are facing surging inflation pressures coupled with slowing business growth, forcing interest rates to climb at a record pace.
Even in Australia, inflation has hit a historic high at 7.8 per cent and the Reserve Bank of Australia is continuing to hike interest rates as their sole pursuit of lowering the cost of living.
[Image: https://i.gifer.com/7ZqO.gif]
10-02-2023, 01:22 PM
Another "China collapse" expert : 
Quote:But Australia Institute senior economist Matt Grudnoff.......
He added it is possible China will see an economic downturn this year......
10-02-2023, 01:24 PM
The word is not “if” but “when”, so long as a self-serving stuffed bear is in charge of this fascist-communist country.
10-02-2023, 01:58 PM
« Next Oldest | Next Newest »
Users browsing this thread: 2 Guest(s)
