If This Country Collapses, It Could Drag Australia into Economic Nighmare

If This Country Collapses, It Could Drag Australia into Economic Nighmare - Printable Version

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If This Country Collapses, It Could Drag Australia into Economic Nighmare - lvlrsSTI - 10-02-2023

https://www.9news.com.au/finance/australian-recession-2023-economy-risks-rba-interest-rate/1b5ecd70-c6aa-4f9a-b005-f5bdf11a8489

RE: If This Country Collapses, It Could Drag Australia into Economic Nighmare - lvlrsSTI - 10-02-2023

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."

RE: If This Country Collapses, It Could Drag Australia into Economic Nighmare - lvlrsSTI - 10-02-2023

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.

RE: If This Country Collapses, It Could Drag Australia into Economic Nighmare - cityhantam - 10-02-2023

Another "China collapse" expert : Rotfl

Quote:But Australia Institute senior economist Matt Grudnoff.......
He added it is possible China will see an economic downturn this year......

RE: If This Country Collapses, It Could Drag Australia into Economic Nighmare - kelhot2001 - 10-02-2023

The word is not “if” but “when”, so long as a self-serving stuffed bear is in charge of this fascist-communist country.

RE: If This Country Collapses, It Could Drag Australia into Economic Nighmare - cityhantam - 10-02-2023

(10-02-2023, 01:24 PM)kelhot2001 Wrote: The word is not “if” but “when”, so long as a self-serving stuffed bear is in charge of this fascist-communist country.

Oh yes!

According to ABC banana Gordon Chang, China has already collapsed more than 10 years ago! Rotfl